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
- Upward Gap: In this case, the price opens above the closing level of the previous trading period, that is, the price bounces upwards, leaving an empty space (gap) between the previous and the current price levels.
- Downward Gap: In this case, the price opens below the closing level of the previous trading period, that is, the price jumps down, creating an empty space (gap) between the previous and current price levels.
Cryptocurrency gaps can be important for traders because they can indicate a strong price movement and signal important changes in market dynamics. Gars can be used to make decisions about entering or exiting a position, as well as to determine support and resistance levels.
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