What forms of technical support and pressure?
For those of you who like technical aspects, what are the support and pressure levels formed by? Is it formed by the consensus of retail investors in market transactions?
The answer is yes. The support and pressure levels of the market are formed by the behavior and consensus of retail investors. This is undeniable. But when referring to support and pressure, you must not forget an important prerequisite, which is active trading volume. The support and pressure levels of an active market are certainly incomparable to the support and pressure levels of a cold market.
Therefore, when we identify support and pressure levels, we must make decisions based on the market environment. If the market environment is too hot or too cold, support and pressure must be adjusted accordingly.
This is purely a personal opinion, don’t criticize if you don’t like it, if you criticize me, I will criticize you back too!
If you have nothing to do, let’s start fighting!
#BTC $BTC
For those of you who like technical aspects, what are the support and pressure levels formed by? Is it formed by the consensus of retail investors in market transactions?
The answer is yes. The support and pressure levels of the market are formed by the behavior and consensus of retail investors. This is undeniable. But when referring to support and pressure, you must not forget an important prerequisite, which is active trading volume. The support and pressure levels of an active market are certainly incomparable to the support and pressure levels of a cold market.
Therefore, when we identify support and pressure levels, we must make decisions based on the market environment. If the market environment is too hot or too cold, support and pressure must be adjusted accordingly.
This is purely a personal opinion, don’t criticize if you don’t like it, if you criticize me, I will criticize you back too!
If you have nothing to do, let’s start fighting!
#BTC $BTC