$US breaks through the 0.012 level.
Folks, what do support and resistance mean? Here’s a quick explanation 👇
Previous highs and lows are common key price levels. Having been turned away or supported at these levels before can influence decisions when the price returns.
When the price revisits a level after a long time, people who entered around that level may sell to break even or add to their positions, so trading activity often becomes concentrated.
Extreme readings often come with sharper swings. That’s when you should reduce your position rather than add to it.
Folks, what do support and resistance mean? Here’s a quick explanation 👇
Previous highs and lows are common key price levels. Having been turned away or supported at these levels before can influence decisions when the price returns.
When the price revisits a level after a long time, people who entered around that level may sell to break even or add to their positions, so trading activity often becomes concentrated.
Extreme readings often come with sharper swings. That’s when you should reduce your position rather than add to it.