$TWT /USDT

**Understanding Support and Resistance in Trading**

In trading, support and resistance are fundamental concepts that help traders make informed decisions. **Support** is a price level where a downward trend is expected to pause due to a concentration of buying interest. When the price approaches support, it often "bounces" back up, as buyers enter the market, perceiving it as a good buying opportunity. If the price breaks below the support level, it may signal a continued downtrend, with the former support becoming a new resistance.

**Resistance** is the opposite. It’s a price level where a rising trend is expected to pause due to a concentration of selling interest. When the price nears resistance, it often "reverses" downwards, as sellers take control. If the price breaks above resistance, it may indicate a continued uptrend, with the former resistance becoming a new support.

Identifying support and resistance levels is crucial for setting entry and exit points, managing risk, and predicting market movements. They are dynamic and can change with market conditions, but mastering them can significantly enhance trading strategies.#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek