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Support level
Meaning
Noun
●
In
technical analysis
, a
price level
where the price
tends
to find support
as it is
going down
, so it is more likely to "bounce" off this level
rather than
break through
it. However, once the price has
passed
this level, by an amount
exceeding
some
noise
, it is likely to
continue
dropping
until it
finds
another support level.
Sourced from
Wiktionary
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