$NVDAB ｜The 160 level gives way
Before discussing capital flows, let's first clarify the key price level.
The longer it has been since the last time price reached this level, the more likely the structure of holdings in this area has changed. Past support and resistance may no longer hold.
The first pullback after a breakout is often seen as a test: if the price can stabilize above the key level, the idea that resistance has turned into support is more convincing.
Several data points confirming one another are more reliable than looking at just one, but even more indicators cannot provide a definitive conclusion.
Before discussing capital flows, let's first clarify the key price level.
The longer it has been since the last time price reached this level, the more likely the structure of holdings in this area has changed. Past support and resistance may no longer hold.
The first pullback after a breakout is often seen as a test: if the price can stabilize above the key level, the idea that resistance has turned into support is more convincing.
Several data points confirming one another are more reliable than looking at just one, but even more indicators cannot provide a definitive conclusion.