$BTC $ETH These are the support and resistance points. Analysts often discuss the support levels of cryptocurrencies, where the price of a coin rebounds after a drop. They define several weak, strong, and medium support points based on the demand at these levels, and the same applies to resistance. However, they often overlook an important issue: the manipulation performed by the big players. For instance, they may 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 price increase, in addition to the analysts' recommendations that promise extraordinary profits. Suddenly, the whale cancels the buy orders, turning the support point into a trap to seize your funds. The same goes for resistance points. Do not be deceived by the analysts' commentary, and trust only your own judgment. Best of luck $BTC Have a nice day.
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