$RLC has fallen below the 1.2 level, 368 days since the last time it was here.
A beginner’s sincere question: How should I understand support and resistance?
Previous highs and lows are the key levels most commonly watched. The fact that price was turned back or supported at those levels before can influence buying and selling when it returns there.
When the price repeatedly crosses above and below a key level, traders on both sides can easily get shaken out. It’s often best to stay on the sidelines until the direction becomes clear.
Leave plenty of room when using leverage—don’t let a single wick wipe out your position.
#RLC
This is not investment advice of any kind. You are responsible for your own gains and losses.
A beginner’s sincere question: How should I understand support and resistance?
Previous highs and lows are the key levels most commonly watched. The fact that price was turned back or supported at those levels before can influence buying and selling when it returns there.
When the price repeatedly crosses above and below a key level, traders on both sides can easily get shaken out. It’s often best to stay on the sidelines until the direction becomes clear.
Leave plenty of room when using leverage—don’t let a single wick wipe out your position.
#RLC
This is not investment advice of any kind. You are responsible for your own gains and losses.