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S&R are price points expected to attract the most buying or selling. In other words, they are an important aspect of a trader’s technical analysis approach since they help determine when to buy and sell. The support level generates support for buyers to enter the market, whilst the resistance level resists a specific level to allow sellers to enter the market.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.