Support level is a price level where buying interest historically prevents further decline. Acts as a "floor" for price.
📊 How to Identify
- Previous lows: Bounce repeated 2-3+ times
- Moving averages: MA50, MA100, MA200 often act as dynamic support
- Round numbers: 10,000 / 20,000 / 50,000 VND psychological support
- Trendlines: Connect 2+ swing lows
🎯 Trading Support
- Buy at support + reversal candle (Hammer, Engulfing)
- Stop loss below support 2-3%
- If support breaks → may become resistance