🐋 $MAGIC breaks above the 0.105 level.
A lot of orders tend to cluster around these levels, so let’s first talk about why key price levels matter.
Support and resistance are really zones, not prices accurate to a specific decimal place. It’s normal for prices to swing back and forth within these zones.
Comparing multiple indicators is more reliable than looking at just one, but even more indicators can’t give you a definitive answer.
A lot of orders tend to cluster around these levels, so let’s first talk about why key price levels matter.
Support and resistance are really zones, not prices accurate to a specific decimal place. It’s normal for prices to swing back and forth within these zones.
Comparing multiple indicators is more reliable than looking at just one, but even more indicators can’t give you a definitive answer.