Support

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    SupportWhat are “support levels” in trading?

    support level is a price at which buyers enter the market in such sufficient quantities that it halts the price movement. When observing this on a price chart, it will appear as a horizontal line where the price seems to reverse to the upside.

    Together with resistance, support levels form one of the most elementary concepts in chart analysis.

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    At tradimo, support levels are usually visible as red lines in illustrations and screenshots. The chart below shows an example where the price reaches the same level multiple times and a support line is established.

    Support final

    Please note that besides the horizontal support levels, trend lines and channels can also have the same effect: defining price points where buyers are likely to enter the market.

    Learn more about using support levels in trading:

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