A complete guide to support levels and how to find them
Knowing the lowest price a financial asset has reached over a sustained time can be useful. In trading, a low point can be described as a support level. It won’t necessarily tell you exactly when the right time to buy or sell is. However, when you combine it with technical indicators and market data, it can be a useful way to determine an asset’s current status.
This guide will define support levels in trading and explain how to use this information to make better decisions.……