A Long position is when a trader or investor buys a position in the market. These positions benefit when the market moves up and lose money when the market moves down.
If a trader "goes long" then it means that he/she has bought a position in the market.
Support is either a price or a price area at which the market struggles to trade below. Because the market cannot move below this level it is referred to as Support. Traders look for areas of support in the market to place Buy orders to go Long. They also use the Support area to place a Target for a Short position.
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