📊 Data at a glance: $Lobster | Fell below the 0.02 level
· What it means: The more often a price level is tested, the more weight it tends to carry in people’s minds. However, some argue that repeated tests can actually weaken the support there.
· A common interpretation: When a price returns to a level after many days, people who entered around that level earlier may sell to break even or add to their positions, so trading activity often picks up.
Any indicator summarizes past price movements; the market can always move in the opposite direction.
This is just a personal opinion, not a basis for trading.
· What it means: The more often a price level is tested, the more weight it tends to carry in people’s minds. However, some argue that repeated tests can actually weaken the support there.
· A common interpretation: When a price returns to a level after many days, people who entered around that level earlier may sell to break even or add to their positions, so trading activity often picks up.
Any indicator summarizes past price movements; the market can always move in the opposite direction.
This is just a personal opinion, not a basis for trading.