$AIN ｜Break below the 0.14 level
Before discussing capital flows, first understand key psychological levels.
The more times a price level is tested, the more significant it often becomes in traders’ eyes; however, some argue that repeated tests can also weaken the buying support there.
The first pullback after a breakout is often seen as a test: if the price can stabilize near the level, the idea that resistance has turned into support is more convincing.
The same reading can mean completely different things in different market conditions, so don’t blindly apply a rule of thumb.
Before discussing capital flows, first understand key psychological levels.
The more times a price level is tested, the more significant it often becomes in traders’ eyes; however, some argue that repeated tests can also weaken the buying support there.
The first pullback after a breakout is often seen as a test: if the price can stabilize near the level, the idea that resistance has turned into support is more convincing.
The same reading can mean completely different things in different market conditions, so don’t blindly apply a rule of thumb.
