Regarding support and resistance, many friends may still not understand it.

This is how I see support and resistance: Take the trend line support and resistance logic as an example👇🏻

1. Support line

(1) In a graph, a horizontal line or a rising straight line composed of two relatively low points

(2) The support line plays a role in preventing prices from continuing to fall and has a symbolic meaning

(3) When the price falls to the vicinity of the support line, the price starts to rise due to support, and if it falls below the support line, it means that the decline continues

(4) The support line can be divided into long-term and short-term in terms of time length, and the long-term support effect is greater than the short-term support effect of the support line

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2. Resistance line

(1) A horizontal line or a straight line with a downward trend composed of two relatively high points

(2) The resistance line has a symbolic meaning of preventing prices or market conditions from continuing to rise

3. The long-term and short-term effects of support and resistance lines should be determined based on the degree of inclination in the space