$AERO ｜Breaking above the 0.9 level
How should support and resistance be understood? Common ways to judge whether a breakout is valid include: the close is on the other side of the level, a pullback fails to cross back over it, and trading volume rises during the breakout.
The first rebound after a breakdown is often seen as a litmus test: if the price is rejected below the level, that lends more credence to the idea that support has turned into resistance.
Multiple pieces of data confirming one another are more reliable than looking at just one, but no number of signals can provide a definitive answer.
#AERO
Make your own decisions about when to enter or exit; don't follow the crowd.
How should support and resistance be understood? Common ways to judge whether a breakout is valid include: the close is on the other side of the level, a pullback fails to cross back over it, and trading volume rises during the breakout.
The first rebound after a breakdown is often seen as a litmus test: if the price is rejected below the level, that lends more credence to the idea that support has turned into resistance.
Multiple pieces of data confirming one another are more reliable than looking at just one, but no number of signals can provide a definitive answer.
#AERO
Make your own decisions about when to enter or exit; don't follow the crowd.