$PONS has fallen below the 0.35 mark.
Let’s talk about what’s behind this number.
Support and resistance are better thought of as zones, not exact price points. It’s perfectly normal for prices to test these areas repeatedly.
When a price returns to a level after several days, it often encounters people who entered around that level earlier and are now getting out at breakeven or adding to their positions. Trading activity often picks up as a result.
Don’t let a single indicator derail your plan, and don’t gamble with borrowed money based on a particular reading.
Let’s talk about what’s behind this number.
Support and resistance are better thought of as zones, not exact price points. It’s perfectly normal for prices to test these areas repeatedly.
When a price returns to a level after several days, it often encounters people who entered around that level earlier and are now getting out at breakeven or adding to their positions. Trading activity often picks up as a result.
Don’t let a single indicator derail your plan, and don’t gamble with borrowed money based on a particular reading.