top of page
Write.png

Test Your Knowledge

Earn 100 Diamonds for every perfect score!

What are Support and Resistance?

Question 1:


What is a support level in cryptocurrency markets?

A. A price point where an upward trend stalls due to selling pressure.


B. A price point where a downward trend halts due to buying pressure.


C. A price point where prices continue to rise without any reversals.

Question 2:


What is a resistance level in cryptocurrency markets?

A. A price point where the price consistently rebounds upward.


B. A price point where the upward trend stalls due to selling pressure.


C. A price point where there is no price movement.

Question 3:


How do support and resistance levels influence crypto traders?

A. They help traders make decisions on when to enter or exit trades.


B. They provide predictions on future market crashes.


C. They have no significant impact on trading strategies.

-

bottom of page