Certainly! Let's discuss support and resistance levels in cryptocurrency trading using the provided image of the $MTL /USDT trading chart.

Support and Resistance Levels Explained:

1. Support Level ($1.117):

- The chart shows a historical bounce near $1.117.

Support represents a price level where buying interest is strong, preventing further decline.

Traders often set stop-loss orders just below support levels.

2. Resistance Level ($1.400).

The peak around $1.400 acts as resistance.

Resistance is a price level where selling pressure increases, preventing further upward movement.

Traders watch for breakouts above resistance for potential bullish trends.

Remember, these levels are dynamic and can shift based on market sentiment and trading activity. 📈💡#MLT/USDT #MLT #CryptoTradingGuide #Write2Earn!