The price at which the price of an asset comes under pressure on its way up due to the development of an increasing number of sellers who want to sell at that price is known as resistance or a resistance level. Resistance levels can be short-lived or long-lived, depending on whether fresh information emerges that affects the broader market's attitude toward the asset. The basic resistance level may be tracked using technical analysis by drawing a line along the highest highs for the time period under consideration.
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The price at which the price of an asset comes under pressure on its way up due to the development of an increasing number of sellers who want to sell at that price is known as resistance or a resistance level. Resistance levels can be short-lived or long-lived, depending on whether fresh information emerges that affects the broader market's attitude toward the asset. The basic resistance level may be tracked using technical analysis by drawing a line along the highest highs for the time period under consideration.