$USELESS has fallen below the 0.2 level.
Everyone, what do support and resistance mean? Here's a quick explanation.
Round-number levels attract attention mainly because traders like to place orders and take-profit targets near them. Orders often cluster around these levels, which is why they're also called psychological levels.
Breaking through a level only shows that one side has the upper hand at that moment. How much further the market can move depends on where the next level is and whether trading volume can keep up.
All data is based on past price movements, and the market could very well move in the opposite direction.
#USELESS
Everyone, what do support and resistance mean? Here's a quick explanation.
Round-number levels attract attention mainly because traders like to place orders and take-profit targets near them. Orders often cluster around these levels, which is why they're also called psychological levels.
Breaking through a level only shows that one side has the upper hand at that moment. How much further the market can move depends on where the next level is and whether trading volume can keep up.
All data is based on past price movements, and the market could very well move in the opposite direction.
#USELESS