Definition ∞ Price Pullback Support is a technical analysis concept referring to a specific price level where a digital asset’s downward movement, following an upward trend, is anticipated to stabilize and potentially reverse course. This level often functions as a critical floor during market corrections. It indicates an area where buying interest is expected to reappear.
Context ∞ Traders frequently monitor price pullback support levels, often identified through historical price action, moving averages, or Fibonacci retracement indicators, as potential buying opportunities. A successful bounce from such a level can validate the underlying strength of an asset’s trend, while a sustained breach below it might signal further declines and a weakening market structure.
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