📐 Data: $Lobster | Fell below the 0.045 level
· What it means: A support level is a price range where prices have repeatedly stopped falling in the past. A resistance level is a price range that prices have repeatedly failed to rise above.
· How to read it: A level doesn’t determine the direction by itself. It’s more like the point where buyers and sellers clash most intensely; the outcome still depends on the flow of funds.
Calculating position size based on the stop-loss distance is far more reliable than choosing one by gut feel.
This is only a personal opinion and should not be taken as a basis for trading.
· What it means: A support level is a price range where prices have repeatedly stopped falling in the past. A resistance level is a price range that prices have repeatedly failed to rise above.
· How to read it: A level doesn’t determine the direction by itself. It’s more like the point where buyers and sellers clash most intensely; the outcome still depends on the flow of funds.
Calculating position size based on the stop-loss distance is far more reliable than choosing one by gut feel.
This is only a personal opinion and should not be taken as a basis for trading.