How Does the Concept of "Support Turning into Resistance" Work? ⎊ Path

How Does the Concept of “Support Turning into Resistance” Work?

When a price level that previously acted as a floor (support) is broken decisively to the downside, that same price level often becomes a ceiling (resistance) on the next upward move. This happens because traders who bought at the former support and are now at a loss will sell at that level to break even, increasing supply and pushing the price back down.

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