Sofia
Tue Jul 16 2024
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5 answers
1026
How does support work in crypto trading?
In the realm of crypto trading, how does support play a crucial role? What mechanisms do traders rely on to determine when a particular cryptocurrency is experiencing strong support? Is it solely based on technical indicators such as price action and volume, or are there other factors that traders consider? How do they differentiate between temporary and sustainable support levels? Understanding the nuances of support in crypto trading is crucial for making informed decisions, so how can newcomers grasp this concept effectively?
