$TON /USDT

In trading, spotting key levels of support and resistance is essential for making informed decisions. Support is the price level where a downward trend is expected to pause due to a concentration of buying interest, while resistance is the level where a rising trend is likely to stall as selling pressure increases. These levels are crucial in determining potential entry and exit points for trades.

Support often represents a price "floor" that prevents further decline, as traders perceive it as a good buying opportunity. On the other hand, resistance acts like a "ceiling" that caps price advances, as traders see it as a selling opportunity.

Spotting support and resistance involves analyzing historical price patterns and identifying points where prices have bounced or reversed in the past. These levels are not always fixed but can shift over time as market sentiment changes. Traders use tools like trendlines, moving averages, and Fibonacci retracement levels to pinpoint these areas more precisely.

By mastering the art of identifying support and resistance, traders can anticipate market movements, manage risk more effectively, and improve their chances of success. However, it’s important to remember that these levels can break, and careful risk management is crucial when trading around them.

#WeAreAllSatoshi #SECAppealRipple #BinanceLaunchpoolHMSTR #HBODocumentarySatoshiRevealed #U.S.UnemploymentNewLow