The world of CFD trading can be complex, but understanding key concepts like support and resistance levels can make all the difference. Whether you’re new to CFD trading or looking to refine your strategies, crucial elements and show you how to use them to your advantage. Understanding Support and Resistance Levels What Are Support Levels? Support levels are price points on a chart where an asset tends to find buying interest as it falls. Traders look at these levels to determine where prices are likely to stop falling and perhaps reverse course. Support levels act as a floor, preventing the price of an asset from dropping further. They are identified…