$INJ breaks below the 7 level.
Brothers, where do key price levels come from? Here’s the short version 👇
Support and resistance are really zones, not prices precise to the decimal point. It’s normal for prices to test these areas repeatedly.
When prices move back and forth around a key level, traders on both sides can easily get shaken out repeatedly. Keeping your position small is often a better approach until the direction becomes clear.
Don’t place trades during the fastest few minutes of a market move. Wait for the candlestick to close and settle before taking a look.
#INJ
Don’t treat these as buy or sell signals.
Brothers, where do key price levels come from? Here’s the short version 👇
Support and resistance are really zones, not prices precise to the decimal point. It’s normal for prices to test these areas repeatedly.
When prices move back and forth around a key level, traders on both sides can easily get shaken out repeatedly. Keeping your position small is often a better approach until the direction becomes clear.
Don’t place trades during the fastest few minutes of a market move. Wait for the candlestick to close and settle before taking a look.
#INJ
Don’t treat these as buy or sell signals.