Support and resistance levels are the backbone of technical analysis, acting as barriers where price movements often pause or reverse. Support is a level where buying interest is strong enough to prevent the price from falling further, while resistance is where selling interest stops the price from rising higher. To identify these levels, look for areas where the price has repeatedly bounced off in the past. Use tools like horizontal lines, trendlines, or Fibonacci retracements to mark them on your charts. Once identified, these levels can help you determine entry and exit points, set stop-loss orders, and predict potential breakouts. Remember, support and resistance aren’t exact numbers but zones where market activity tends to cluster. Mastering these concepts will give you a significant edge in your trading