$VIB /USDT

When it comes to trading, understanding support and resistance levels is crucial for making informed decisions. Support refers to a price level where a stock or asset tends to find buying interest, preventing it from falling further. At this level, buyers outweigh sellers, creating a "floor" that halts or slows down the price decline. On the other hand, resistance is the opposite: a price level where selling pressure outweighs buying pressure, causing the price to stall or reverse. This creates a "ceiling" that the asset struggles to break through.

Spotting these levels is essential for traders. Support and resistance zones are often identified through historical price data, trendlines, or moving averages. When the price approaches these levels, it may either bounce back or break through, signaling potential buying or selling opportunities. A breakout above resistance could suggest upward momentum, while a breakdown below support might signal a downward trend.

By incorporating support and resistance analysis, traders can set more accurate entry and exit points, helping to manage risk and improve profitability. However, it’s important to remember that these levels are not infallible; factors like market sentiment, news, or economic events can cause abrupt changes in price behavior.

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