Market analysis · Rookie
Support
What does Support mean?
Support is a price area where buying interest has previously slowed or reversed a decline, or where a trader expects such interest. It is a zone to evaluate rather than a guaranteed floor.
Example
Price repeatedly stabilizes near a previous low.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
A market can break through support, and a stop near the level can fill beyond it.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.