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Support Level Definition

A support level is a price point where an asset has historically found buying interest, preventing it from falling further.

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What is a Support Level?

Once broken, a support level can often act as a new resistance level.

Support levels are widely used in technical analysis to anticipate potential turning points.

Example of Support Level

A stock that has repeatedly bounced from $80 over several months has $80 as a key support level.

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