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📌 #GTC/USDT (SHORT) ☑️
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📌 #GTC/USDT (SHORT) ☑️
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Resistance Level
🔅A resistance level is the point on a price chart at which an upward price trajectory is impeded by an overwhelming inclination to sell the asset.
🔅If a market price is nearing a resistance level, a trader may opt to close their position and take the profit, rather than risk the price falling back.
🔅The meaning of resistance level stems from market sentiment and trader behaviour, because it is an indication of whether an asset has reached a price level that market participants are unwilling to surpass – i.e. there is resistance from the market.
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🔅A resistance level is the point on a price chart at which an upward price trajectory is impeded by an overwhelming inclination to sell the asset.
🔅If a market price is nearing a resistance level, a trader may opt to close their position and take the profit, rather than risk the price falling back.
🔅The meaning of resistance level stems from market sentiment and trader behaviour, because it is an indication of whether an asset has reached a price level that market participants are unwilling to surpass – i.e. there is resistance from the market.
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