Stock Of The Day: Coinbase Illustrates Important Price Levels

The best traders know how to identify important price levels. These are called support and resistance levels. A common market dynamic is levels of support converting into resistance and levels of resistance turning into support.As you can see on the chart, the $203 level has been both support and resistance for Coinbase Global Inc. COIN since May. This is why our team of trading experts has made it our Stock of the Day.If a market is going down there aren't enough buy orders to absorb all the sell orders. A ...