$FIDA /USDT

Spot and Resistance in Trading

In trading, "spot" refers to the current market price at which a particular asset is bought or sold for immediate delivery. This price fluctuates based on real-time supply and demand. Understanding spot prices is critical for traders, as it serves as the foundation for decisions on entering or exiting trades.

On the other hand, "resistance" refers to a price level at which an asset struggles to move higher. It occurs when selling pressure increases as the asset approaches a specific price, preventing it from rising further. Identifying resistance levels is essential for traders because it indicates where an upward trend might reverse or slow down. Resistance is often seen on technical charts, highlighted through price patterns or moving averages.

Spot prices help traders make quick decisions, while resistance levels provide insight into potential turning points. The combination of these factors forms a core part of technical analysis, allowing traders to predict market movements and create effective strategies. By understanding both spot prices and resistance levels, traders can improve their chances of making successful trades, minimize risk, and capitalize on potential market opportunities.

#DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #FOMC #NeiroOnBinance