$UNFI /USDT

Spot and resistance are key concepts in technical analysis, widely used in trading and investing. Spot refers to the current price of a financial asset, such as stocks, commodities, or currencies, in the market at a given moment. It's the live price that buyers and sellers agree upon in real-time. Traders often monitor the spot price to make informed decisions about entering or exiting trades, as it reflects the immediate supply and demand dynamics.

On the other hand, resistance is a price level where an asset tends to face selling pressure. When the price of an asset approaches this level, it may struggle to rise further, as sellers typically enter the market. Resistance levels are often identified using historical price data, chart patterns, or technical indicators like moving averages.

Understanding the relationship between spot and resistance is crucial for traders. If the spot price repeatedly fails to break above a resistance level, it may indicate that the market is overbought, signaling a potential price reversal. However, if the spot price breaks through resistance, it can lead to a significant upward movement, suggesting increased buyer interest and momentum. This makes both spot price and resistance critical tools in market analysis.

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