Prompt Title: Trading Tip: Support & Resistance.

Title: "2-Minute Trading Tips: How to Identify Support and Resistance Levels"

Introduction: Hey traders, welcome back to another 2-minute trading tip! In this video, we'll be discussing one of the fundamental concepts in technical analysis: support and resistance levels.

Body: Support and resistance levels are areas on a chart where the price has previously found it difficult to break through. Support levels are where the price has previously found support, while resistance levels are where the price has previously found resistance.

To identify support and resistance levels, you need to look for areas on the chart where the price has bounced off multiple times. These areas could be horizontal, diagonal, or even trendlines. You can also use technical indicators such as moving averages or Fibonacci retracements to help identify these levels.

Once you've identified support and resistance levels, you can use them to make trading decisions. For example, if the price is approaching a support level, you might consider buying, as there's a higher chance the price will bounce off that level. On the other hand, if the price is approaching a resistance level, you might consider selling, as there's a higher chance the price will struggle to break through that level.

Conclusion: So that's it for today's 2-minute trading tip! Remember to always do your own analysis and use support and resistance levels as one of the tools in your trading toolbox. Thanks for watching and happy trading!