Navigating the world of crypto assets involves understanding the concept of supports and resistances, which are like the pillars of a bridge guiding your trading journey.

Supports represent price levels where buying pressure tends to overcome selling pressure, preventing the price from falling further.On the other hand, resistances are price levels where selling pressure tends to outweigh buying pressure, capping the upward momentum of an asset's price. Think of it as a ceiling that the price struggles to break through.

Buying near supports can offer a sense of security, as it suggests a potential bounce back from lower levels, while selling near resistances can provide opportunities to lock in profits or hedge against potential downturns. However, remember that these levels are not set in stone but rather fluid zones influenced by market sentiment and trading volume. So, while supports and resistances offer valuable guidance, staying adaptable and keeping a finger on the pulse of the market is key to making informed trading decisions in the dynamic world of cryptocurrency.

Be extra careful in buying near resistances or selling near supports. Be patient, look at your options, assess your risk, and always set a stop loss to keep your mind at ease.

You all have a lovely Sunday. God bless!

#Write2Earn #TrendingTopic #SundayCryptoThoughts #fundamentals