Support level refers to the potential level at which a financial indicator may encounter support during a price decline. This is the level at which traders believe that the buying pressure may begin to overtake the selling pressure, causing the price to stop falling or rebound.

Resistance level, on the other hand, refers to the potential level at which a financial indicator may encounter resistance during a price increase. This is the level at which traders believe that the selling pressure may begin to overtake the buying pressure, making it difficult for the price to continue rising or causing it to fall back.


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