$SUSHI /USDT

Spot and resistance are key concepts in technical analysis, particularly in the context of trading stocks, forex, or cryptocurrencies.

Spot refers to the current market price of an asset at a specific time. Traders buy and sell assets at the spot price, which fluctuates based on supply and demand. It provides a real-time reflection of an asset’s value in the open market. Understanding spot prices helps traders make informed decisions on entry and exit points in the market.

Resistance is a price level where an asset struggles to move beyond, often due to an abundance of sellers. At these levels, the upward price movement of the asset typically stalls or reverses. Resistance acts as a psychological barrier in the market, signaling a point where sellers might take profits or where traders expect price corrections. Breaking through resistance can signal bullish momentum, while failing to do so might indicate a potential decline.

Together, spot and resistance help traders assess market trends, identify potential trading opportunities, and manage risks. Monitoring these levels allows traders to navigate volatile markets with a more strategic approach, improving the chances of successful trades.

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