$SAGA /USDT

In trading, identifying support and resistance levels is crucial for making informed decisions. These levels represent price points where an asset's price tends to reverse or stall due to concentrated buying or selling pressure.

Support is a price level where demand is strong enough to prevent the price from falling further. It’s often seen as a "floor" that provides stability to an asset’s price. When the price reaches support, buyers usually step in, causing it to bounce back up. However, if the price breaks below the support level, it can signal a potential downturn, as sellers dominate.

Resistance, on the other hand, is the opposite. It’s a level where selling pressure is significant enough to prevent the price from rising further, acting like a "ceiling." When the price approaches resistance, sellers often enter the market, pushing the price down. If the price breaks above resistance, it can indicate bullish momentum, as buyers overwhelm the market.

Spotting these levels helps traders predict potential reversals, identify entry or exit points, and manage risk more effectively. By combining support and resistance with other technical indicators, traders can gain a clearer picture of market behavior and make more strategic decisions.

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