🐋 $C98 broke through the 0.018 level.
There are often plenty of orders around key levels, so let’s first understand why they matter.
Support and resistance are actually zones, not prices precise to the last digit. It’s perfectly normal for prices to test the area repeatedly.
The same data can mean very different things in different market conditions, so don’t apply any single rule mechanically.
#C98
Personal notes only; not a recommendation to buy or sell.
There are often plenty of orders around key levels, so let’s first understand why they matter.
Support and resistance are actually zones, not prices precise to the last digit. It’s perfectly normal for prices to test the area repeatedly.
The same data can mean very different things in different market conditions, so don’t apply any single rule mechanically.
#C98
Personal notes only; not a recommendation to buy or sell.