$STRK broke through 0.11, 304 days since it last reached this level.
Folks, what do support and resistance mean? Here’s the short version 👇
The more often a price level is tested, the more significance it tends to carry in people’s minds. But some also believe that repeated tests can thin out the orders sitting there.
A price level doesn’t determine the direction by itself. It’s more like the point where bulls and bears clash most fiercely; ultimately, the direction depends on the flow of funds.
Don’t let a single number throw off your strategy, and never gamble borrowed money on a prediction.
For reference only. Not investment advice.
Folks, what do support and resistance mean? Here’s the short version 👇
The more often a price level is tested, the more significance it tends to carry in people’s minds. But some also believe that repeated tests can thin out the orders sitting there.
A price level doesn’t determine the direction by itself. It’s more like the point where bulls and bears clash most fiercely; ultimately, the direction depends on the flow of funds.
Don’t let a single number throw off your strategy, and never gamble borrowed money on a prediction.
For reference only. Not investment advice.