What is support in cryptocurrency? Back to list

Member SinceMar 07, 2022

Posts 217

Seamans

Aug 04, 2022 a 12:29
Support is defined as anything that keeps the price where it is rather than allowing it to fall further. The price on the chart that the seller believes will generate the most interest in the stock or index is known as the support level (in terms of purchasing). When the price falls below the support level, it almost always recovers and returns to the level. Aid is frequently provided at a lower rate than its market value.The price will most likely fall before reaching support, then stabilise, continue falling until all available demand is met, and then begin to rise. In a declining market, market participants have expressed a strong desire for high-level technical assistance. In many cases, the assistance serves as a motivator to make the purchase.

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