RESISTANCE
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_________EXPLAIN__________
SOLANA is clearly facing a _KEY RESISTANCE.
_____________________
With a SUPPORT _LEVEL
____________________________
The support level and key resistance level is what I will like to explain to those who are just coming into Cryptocurrency world because when you see such words, it would just be confused, all they are saying in the post page could have you discouraged and that could instigate you to lost interest within a few time and crash out of its system.
#SUPPORT LEVEL:
This addresses a price point where the price of a cryptocurrency has fallen in the past, but has found enough buying interest to prevent it from falling further. A supposed further falling of price but due to much interested buyers couldn't go down again because their patronage become a support system. Sure you understand? It acts as a floor for the price, and traders often use it as an entry point to buy the cryptocurrency.
#RESISTANCE LEVEL:
On the other hand, "Resistance Level" is a price point where the price of a cryptocurrency has risen in the past, but because people keep selling and selling, rather than going up, the pressure was preventing it from rising further.
It acts as a ceiling for the price, and traders often use it as an exit point to sell their cryptocurrency.
baby binancians, do not rush, calm down. All those expertise and analysts were once a baby before they gain confidence in the crypto ecosystem now making millions. Pass through this classes of knowing basic and would be excited later.
Follow my page for simple educative fact too.
$SOL $BTC $BNB
SOLANA is clearly facing a _KEY RESISTANCE.
_____________________
With a SUPPORT _LEVEL
____________________________
The support level and key resistance level is what I will like to explain to those who are just coming into Cryptocurrency world because when you see such words, it would just be confused, all they are saying in the post page could have you discouraged and that could instigate you to lost interest within a few time and crash out of its system.
#SUPPORT LEVEL:
This addresses a price point where the price of a cryptocurrency has fallen in the past, but has found enough buying interest to prevent it from falling further. A supposed further falling of price but due to much interested buyers couldn't go down again because their patronage become a support system. Sure you understand? It acts as a floor for the price, and traders often use it as an entry point to buy the cryptocurrency.
#RESISTANCE LEVEL:
On the other hand, "Resistance Level" is a price point where the price of a cryptocurrency has risen in the past, but because people keep selling and selling, rather than going up, the pressure was preventing it from rising further.
It acts as a ceiling for the price, and traders often use it as an exit point to sell their cryptocurrency.
baby binancians, do not rush, calm down. All those expertise and analysts were once a baby before they gain confidence in the crypto ecosystem now making millions. Pass through this classes of knowing basic and would be excited later.
Follow my page for simple educative fact too.
$SOL $BTC $BNB
