My take on the Concept of support and resistance
If I simply define support as the thing that prevents the price from falling like if a price is falling down and then reverse the trend and start moving high it is called support and on the other hand's resistance is the thing that prevents the price from rising.
the following picture simply showing the support and resistance in a very understanding way
importance of support and resistance
When price breaks through a level of support or resistance, it frequently moves on to the next level of support or resistance. Support and resistance levels are not always exact; they are typically a zone that covers a small range of prices, allowing them to be breached, or pierced, without actually breaking. As a consequence, support/resistance levels assist in identifying potential price pivot points.
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