$FLOW /USDT

In financial markets, identifying key levels like support and resistance is crucial for traders and investors. These levels are areas on a price chart where an asset's price tends to stop and reverse.

**Support** refers to a price level where a downtrend can be expected to pause due to a concentration of buying interest. As the price drops towards the support level, demand increases, and it typically halts the decline. If the price breaks below support, it could signal a bearish trend continuation.

**Resistance**, on the other hand, is a price level where an uptrend can be expected to pause due to a concentration of selling interest. As the price rises towards resistance, the selling pressure increases, preventing the price from rising further. A break above resistance might signal a bullish trend continuation.

Traders use these levels to make informed decisions. Buying near support levels and selling near resistance levels can be a profitable strategy, but it requires careful analysis. These levels are not absolute and can shift over time due to changing market conditions, making continuous monitoring essential for effective trading. Understanding and accurately spotting support and resistance can significantly enhance trading strategies and improve the timing of market entries and exits.#LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn #SahmRule #BlackRockETHOptions