TRIPLE BOTTOM
Triple bottom is a bullish chart pattern used in technical analysis that is characterized by three equal lows followed by a breakout above resistance.
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Support levels are price points where an asset tends to find buying interest, preventing it from falling further. In trading, support levels act as a floor, where demand is strong enough to halt a downward trend. Traders use support levels to set entry points or stop-loss orders, anticipating that the price will bounce back upwards. Identifying key support levels through technical analysis can help traders manage risk and make informed decisions about when to buy or sell.