VVozny.com

Support level

A price where buyers keep stopping the decline.

Support is a level price has already bounced from, meaning buyers were there to absorb supply. Its value grows with each reaction and drops after a break: broken support usually turns into resistance, because trapped buyers exit when price returns to it. Support is a zone, not a one-pixel line — wicks almost always overshoot it.

Where it is covered

Support level — what it means in trading — VVozny.com