Concept
Literal meaning: Range.
The concept of a range is also used in a sideways trend, where it determines the width of the price range between the lines of minimum and maximum price values - when the maximums and minimums do not cross their boundaries.
Application
Example of use in trading:
day's range - a daily range that shows the volatility of an asset during the day.
Alternative usage example:
time range— time range when performing a task/process.
For example: many people like to work on a long time range when warming up their wallets on omnichain activity in order to receive a retrodrop.