What is support level?

<p id="isPasted">Price falls in a downtrend when supply exceeds demand. Shares become more attractive to those waiting on the sidelines as prices decrease. As demand slowly increases, it will eventually reach a level where it matches supply. Prices will stop falling at this point. This is support.</p><p>Price levels or price zones can serve as support on a chart. Anyhow, support is an area on a price chart that shows buyers' willingness to buy. At this level, demand usually overwhelms supply, halting and reversing the price decline.&nbsp;</p>

<p>A support level in forex trading refers to a price level where a currency pair tends to find buying interest and stop its downward movement. It is a level where the demand for the currency pair is thought to be strong enough to prevent the price from falling further. Traders often use support levels as potential buy areas and set their stop-loss orders below the support level to limit potential losses.</p>

<p id="isPasted">In Forex trading, support and resistance levels are key price levels where the price tends to stop or reverse direction.</p><p>A support level is a price level where buyers are expected to be&nbsp;stronger than sellers, causing the price to&nbsp;stop falling&nbsp;and potentially start to&nbsp;rise. It is often seen as a "floor" for the price, where the demand for the asset increases.</p><p>A resistance level, on the other hand, is a price level where&nbsp;sellers are expected to be stronger than buyers, causing the price to stop rising and potentially start to&nbsp;fall. It is often seen as a "ceiling" for the price, where the supply of the asset increases.</p><p>Support and resistance levels are important for traders because they can help identify potential entry and exit points for trades. When the price approaches a support or resistance level, traders may look for confirmation signals to buy or sell, such as price patterns, indicators, or volume analysis.</p>