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Source: Binance Official Education 📊 Understanding Support and Resistance: The Foundation of Technical Analysis Support and Resistance (often abbreviated as S&R) is one of the most essential concepts every trader must master — whether you trade Forex, stocks, or cryptocurrencies. In simple terms, we can think of Support and Resistance as the upper and lower boundaries that limit price movement within a certain period: - Resistance : The upper level that tends to stop prices from rising further. - Support : The lower level that tends to stop prices from falling deeper. Price movement itself is driven by changes in supply and demand. When demand is stronger than supply, prices go up. Conversely, when supply outweighs demand, prices tend to decline. 📌 Main Types of Support and Resistance There are several ways to identify these key levels, depending on how you want to analyze the market: 1. Classic Support...