The price from which the price can be restrained is called resistance. When to take an entry you will see the nearby resistance. Use stop-loss above a few pips of resistance. When the resistance breaks the price goes up and resistance will act as support.

Resistance is a key concept in technical analysis, referring to a price level where an asset faces selling pressure, preventing it from rising further. It acts as a ceiling, as traders and investors often see this level as an opportunity to sell, leading to a reversal or pause in upward price movements.

Resistance levels are formed due to historical price action, where the market previously struggled to move higher. These levels can also be influenced by psychological factors, such as round numbers or key economic events.

When the price approaches resistance, it may either bounce back or breakthrough, signalling continued upward momentum. Traders use resistance to set targets, stop-loss levels, or identify potential breakout opportunities.