$CKB /USDT

**Understanding Support and Resistance in Trading**

Support and resistance are fundamental concepts in technical analysis, crucial for making informed trading decisions. **Support** refers to a price level where a security tends to find buying interest, preventing it from falling further. It acts as a "floor" that prices struggle to break below. Traders often watch for support levels to identify potential buying opportunities.

On the other hand, **resistance** is a price level where selling interest tends to emerge, preventing the price from rising further. It serves as a "ceiling" that prices struggle to break above. Resistance levels can indicate potential selling points or areas where a rally may lose momentum.

These levels are not absolute but rather zones where the price action is likely to pause or reverse. Traders use various tools like moving averages, trendlines, and previous highs and lows to identify support and resistance levels.

Understanding support and resistance helps traders make better decisions, such as setting stop-loss orders, identifying entry and exit points, and managing risk more effectively. By recognizing these critical levels, traders can anticipate market movements and improve their chances of success.#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek