A Resistance Zone is a price level or area on a chart where an asset has historically struggled to advance further. It represents a concentration of selling pressure that tends to halt upward price momentum. Traders often view these zones as potential points for price reversals or consolidation.
Context
The identification and significance of Resistance Zones are constant subjects of technical analysis discussions in financial news. Analysts debate whether these zones will hold or be decisively breached, often citing them as key levels for strategic trading decisions. Monitoring price action around these zones provides critical context for understanding short-term market movements and potential turning points.
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