Market Watch Notes: $SUI has fallen below the 1.1 level.
On a candlestick chart, a level is just a number; to us, it’s a psychological line of defense.
A quick bit of market education: the commonly cited rule is that a resistance level, once decisively broken, often turns into support; a support level, once decisively broken to the downside, often turns into resistance.
When several indicators confirm one another, that’s more reliable than looking at just one—but even more signals can’t give you a definite answer.
#SUI
On a candlestick chart, a level is just a number; to us, it’s a psychological line of defense.
A quick bit of market education: the commonly cited rule is that a resistance level, once decisively broken, often turns into support; a support level, once decisively broken to the downside, often turns into resistance.
When several indicators confirm one another, that’s more reliable than looking at just one—but even more signals can’t give you a definite answer.
#SUI