$CHR /USDT

**Spot and Resistance in Trading**

In trading, the concept of "spot" refers to the current market price at which an asset, such as a stock, commodity, or currency, can be bought or sold for immediate delivery. It is the real-time price of the asset, reflecting the supply and demand dynamics in the market. Spot prices are crucial for traders as they serve as a reference for determining the value of derivatives, futures, and other financial instruments.

On the other hand, "resistance" is a technical analysis term used to describe a price level where an asset faces selling pressure, preventing it from rising further. This level is typically identified by observing past price action, where the asset has repeatedly struggled to break above a certain price point. Resistance is considered a psychological barrier, as traders and investors often place sell orders at this level, anticipating a price decline.

Understanding the relationship between spot price and resistance is key to successful trading. If an asset’s spot price approaches the resistance level, traders may anticipate a potential reversal or breakout. A breakout above resistance could signal a strong bullish trend, while a failure to break through may indicate a reversal or consolidation period. Monitoring these levels helps traders make informed decisions and manage risk effectively.#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole