Here’s a true story: $PEPE breaks through the 0.0₅4 level.
To prices, round-number thresholds are just ordinary numbers; to people, they’re a big deal.
On a more serious note, a support level is a price range where prices have repeatedly found a floor while falling. A resistance level is a price range where prices have repeatedly met resistance while rising.
Multiple data points that corroborate one another are more reliable than looking at just one, but even more signals can’t provide a definitive answer.
#PEPE
DYOR, and participate rationally.
To prices, round-number thresholds are just ordinary numbers; to people, they’re a big deal.
On a more serious note, a support level is a price range where prices have repeatedly found a floor while falling. A resistance level is a price range where prices have repeatedly met resistance while rising.
Multiple data points that corroborate one another are more reliable than looking at just one, but even more signals can’t provide a definitive answer.
#PEPE
DYOR, and participate rationally.