A Strategic Approach to Setting Support and Resistance Levels in Futures Trading
Support and resistance levels are price levels on a chart that tend to act as barriers, preventing the price of an asset from moving beyond a certain point. Support levels are considered the price levels at which buying pressure is expected to be strong enough to prevent the price from declining further, while resistance levels are the price levels at which selling pressure is expected to be strong enough to prevent the price from rising further.
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