Support and Resistance in Crypto Trading
Understanding the Importance of Support and Resistance Levels in Crypto TradingWhen it comes to crypto trading, understanding the importance of support and resistance levels is crucial for making informed decisions. Support levels are price points where the market tends to stop falling and instead bounces back up, indicating a level of buying interest. On the other hand, resistance levels are price points where the market tends to stop rising and instead pulls back, showing a level of selling interest.
By recognizing these levels, traders can better predict potential price movements and make strategic decisions on when to buy or sell. Support and resistance levels act as psychological barriers in the market, reflecting the collective sentiment of traders. They can help traders identify ke...








