SUPPORT LEVEL
Support level is a price point on a chart where an asset faces buying pressure.
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Momentum trading is a strategy where traders buy assets trending upward and sell those trending downward, aiming to capitalize on continued price movements. In trading, momentum traders rely on technical indicators, such as moving averages or Relative Strength Index (RSI), to identify strong trends. This strategy works well in volatile markets but requires quick decision-making, risk management, and the ability to adapt to rapidly changing market conditions. Momentum trading is widely used in stocks, forex, and cryptocurrencies.