support level
( plural )
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In technical analysis, a price level where the price tends to find support as it is going down, so it is more likely to bounce
off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely to continue dropping until it finds another support level.
support level
Traders monitored the support level carefully, because if the price fell through it by more than ordinary noise, it would probably keep sliding until it reached the next support level.
Traders monitored the support level carefully, because if the price fell through it by more than ordinary noise, it would probably keep sliding until it reached the next support level.
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