Level
a.k.a. Price level, Key level
A specific price that traders are watching, such as support, resistance or a round number.
In plain English
A specific price that traders are watching, such as support, resistance or a round number.
A level is a price that matters to many people: a recent high, a big round number, a Fibonacci ratio. Orders cluster there, so price often reacts.
Traders talk about levels 'holding' or 'breaking'. The more traders watch a level, the more interesting the fight around it.
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