🧭 Data: $ATOM | Breaking through the 1.9 level
· Definition: To judge whether a breakdown is valid, common methods include: closing on the other side of the level, failing to reclaim it on a retest, and seeing volume follow through during the break.
· How to read it: Crossing a level only means one side has the upper hand at that moment. How far it goes afterward also depends on where the next level is and whether volume can be sustained.
Indicators can be inaccurate, so risk management is essential: think about how you’ll respond if you’re wrong before worrying about whether your prediction is right.
#ATOM
For reference only. You assume all risks.
· Definition: To judge whether a breakdown is valid, common methods include: closing on the other side of the level, failing to reclaim it on a retest, and seeing volume follow through during the break.
· How to read it: Crossing a level only means one side has the upper hand at that moment. How far it goes afterward also depends on where the next level is and whether volume can be sustained.
Indicators can be inaccurate, so risk management is essential: think about how you’ll respond if you’re wrong before worrying about whether your prediction is right.
#ATOM
For reference only. You assume all risks.