$RARE /USDT

Understanding support and resistance levels is crucial for any trader or investor. **Support** refers to a price level where a stock or asset tends to find buying interest, preventing it from falling further. It's like a floor that prices bounce off. On the other hand, **resistance** is a price level where selling pressure prevents the price from rising further, acting like a ceiling.

Identifying these levels helps traders make informed decisions. When a price approaches a support level, traders might look to buy, anticipating that the price will bounce back. Conversely, when a price nears resistance, they might sell, expecting the price to fall back.

The **"it spot"** is a key area where support or resistance levels are likely to influence the price action significantly. This zone is where traders often see high volumes of transactions, as many market participants are watching these levels closely.

In practice, support and resistance are not exact prices but zones. Prices can fluctuate slightly above or below these levels before reversing. Understanding these concepts allows traders to set better entry and exit points, manage risk, and increase their chances of making profitable trades.#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole