$SHIB /USDT

Spot price refers to the current market price at which an asset, like a commodity, stock, or currency, can be bought or sold for immediate delivery. It fluctuates constantly based on supply and demand, market sentiment, and economic events. In trading, understanding spot prices is crucial, as it reflects the real-time value of an asset.

Resistance, on the other hand, is a concept used in technical analysis. It refers to a price level that an asset struggles to surpass due to a concentration of selling interest. When an asset’s price approaches this level, many traders start selling, which creates a “resistance” that prevents the price from rising further. Traders use resistance levels to make informed decisions about entry and exit points in a market.

Combining both concepts, when the spot price approaches a resistance level, traders often anticipate a potential reversal or a breakout. If the price breaks through resistance, it could signal a strong upward trend. Conversely, if the spot price fails to break resistance, it might suggest a weakening market, prompting traders to sell. Understanding these dynamics is essential for anyone involved in active trading, as it helps predict future price movements and manage risk effectively.

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