#XRPETFs The points of support and resistance, the discussions of analysts are never devoid of the support points of a cryptocurrency, at which the price of the currency rebounds upwards after a decline. Several weak, strong, and medium support points are determined based on the volume of demand at these points, and the same applies to resistance. However, an important matter is often overlooked or ignored, which is the manipulation carried out by the big players. For instance, they might place a very large buy order that makes the volume at this point a strong support, encouraging many to buy near it in hopes of a rise. Additionally, there are the analysts' recommendations that promise fantastic profits, and suddenly, the whale cancels the buy orders, turning the support point into a trap to seize your money. The same applies to resistance points. Do not be deceived by the analysts' claims, and only consult your own mind. Best of luck $BTC Have a nice day.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.