đ $PONS breaks through the 0.35 level.
ăQuick explainerăHow should you understand support and resistance?
One rule of thumb: a resistance level thatâs decisively broken often turns into support; a support level thatâs decisively broken often turns into resistance.
The level itself doesnât determine the direction. Itâs mainly where the battle between buyers and sellers is most intense. Ultimately, the money decides where things go.
Leave enough room in your futures positionsâdonât let a single wick knock you out of the trade.
#PONS
This is not investment advice of any kind. You assume all risks.
ăQuick explainerăHow should you understand support and resistance?
One rule of thumb: a resistance level thatâs decisively broken often turns into support; a support level thatâs decisively broken often turns into resistance.
The level itself doesnât determine the direction. Itâs mainly where the battle between buyers and sellers is most intense. Ultimately, the money decides where things go.
Leave enough room in your futures positionsâdonât let a single wick knock you out of the trade.
#PONS
This is not investment advice of any kind. You assume all risks.