Latest data: $QNT | Breaking through the 160 level
What it means: Support and resistance are really price zones, not prices precise to a decimal point. It’s normal for prices to repeatedly test this zone.
How to read it: It’s not uncommon for prices to break through a level and then fall back, so many people prefer to wait for the candle to close and hold above it before counting the move, rather than jumping in the moment it’s crossed.
Any indicator only describes past price movements; the market can always move in the opposite direction.
This is not investment advice. Don’t copy it blindly.
What it means: Support and resistance are really price zones, not prices precise to a decimal point. It’s normal for prices to repeatedly test this zone.
How to read it: It’s not uncommon for prices to break through a level and then fall back, so many people prefer to wait for the candle to close and hold above it before counting the move, rather than jumping in the moment it’s crossed.
Any indicator only describes past price movements; the market can always move in the opposite direction.
This is not investment advice. Don’t copy it blindly.
