What do support levels around $107,000 and resistance at $111,000 tell beginners about price trends?
Why is this the correct answer?
This is correct because support at $107,000 indicates a price level where demand has historically emerged, giving a ‘floor,’ while resistance at $111,000 marks where selling pressure tends to mount, creating a ‘ceiling.’ Beginners can use these levels to plan entry and exit points.
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