Support and resistance are technical analysis attribute essent | Binomo

Support and resistance are technical analysis attribute essential for all traders, newbies, or experts. Those levels help determine when the price fluctuates. 

How do support and resistance work?

Understanding support and resistance basics are crucial for determining price points in places of a possible trend reversal. Support occurs where a downtrend is expected to stop, and resistance occurs where a temporary pause in an uptrend is expected. 

How can support and resistance aid trading?

Support and resistance levels help recognize entry points for a trade. Using them correctly with other indicators, you can make a more accurate forecast.

Start trading with support and resistance today and check out how it works on the Binomo real account!