In crypto trading, the price range means the gap between the lowest and highest prices during a period. For example, if Bitcoin trades between $BNB 60,000 and $62,000, its range is $2,000.
Traders use this range to find support (where price often bounces up) and resistance (where price often falls). They may buy near the bottom of the range and sell near the top.
When the price breaks out of this range, it can start a strong new trend. Watching price ranges helps traders plan entries, exits, and manage risk.
Imagine Ethereum trades between $BNB $3,000 and $3,200 for a week. A trader might:
Buy near $3,000 and sell near $3,200.
Wait for a breakout above $3,200 to enter a new buy position.
Place a stop loss below $BNB 3,000 if buying.