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Cryptocurrency trading is the act of buying, selling, or exchanging digital currencies through online platforms known as cryptocurrency exchanges. These exchanges facilitate the trading of various cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and many others. Here's how cryptocurrency trading generally works:
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Bitcoin explanation
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These are drawn beneath rising prices and indicate levels where buying interest is strong enough to overcome selling pressure. Traders may use support trendlines to identify potential buying opportunities or to set stop-loss orders.
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