$ID /USDT

To determine a stock's future direction, traders often look for "support" and "resistance" levels on price charts. **Support** is the price level where a stock tends to find a "floor," preventing it from falling further. This occurs due to increased buying interest, as traders perceive the stock as undervalued at this level. When a stock price dips to this level, it's likely to bounce back up, making support a critical area for potential buy opportunities.

On the other hand, **resistance** represents a price level where a stock faces a "ceiling," limiting its upward movement. This happens because sellers become more active at this level, viewing the stock as overvalued. When a stock price reaches resistance, it may struggle to rise further, and could even reverse direction, making it a key zone for potential sell decisions.

Traders often use these levels to make informed decisions. For instance, buying near support and selling near resistance can be a strategic approach. However, if a stock breaks through these levels, it might signal a stronger trend, either up or down. Understanding these concepts is vital for anyone involved in trading or investing.#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves