$ASR /USDT

In trading, understanding key price levels like support and resistance is crucial. Support refers to a price level where an asset tends to stop falling, as demand increases, creating a "floor." Traders often buy at this level, expecting the price to rise. On the other hand, resistance is a price level where an asset tends to stop rising due to increased selling pressure, forming a "ceiling." Traders may sell here, anticipating a price drop.

Spotting support and resistance helps traders make informed decisions. For instance, if a stock falls to a known support level but doesn't break below it, traders may view this as an opportunity to buy. Conversely, when a stock approaches a resistance level, traders may consider selling or avoiding purchases, expecting a reversal.

The more times an asset touches a support or resistance level without breaking it, the stronger these levels become. However, once a level is broken, its role often reverses, with previous support becoming new resistance, and vice versa.

Understanding these levels helps traders better predict market movements and manage risks more effectively in their trading strategies.

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