$MKR /USDT

Spot and resistance are key concepts in technical analysis, widely used in trading. The "spot" price refers to the current market price of an asset. It represents the real-time value at which an asset can be bought or sold. Traders monitor spot prices to gauge market conditions, and it serves as the baseline for making decisions, whether it’s commodities, stocks, or currencies.

Resistance, on the other hand, is a price level where an asset tends to face selling pressure. It’s like a ceiling that prevents the price from rising further. When the price reaches this level, sellers usually outweigh buyers, causing the price to either stagnate or pull back. Traders identify resistance levels using historical data and technical indicators, as these are points where the market previously struggled to break through.

Understanding these concepts helps traders set entry and exit points more effectively. If the price breaks through a resistance level, it often signals a potential upward trend, but if it fails, a downturn could follow. Combining spot price analysis with resistance levels allows traders to build stronger strategies and make more informed decisions in the market.

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