Data at a glance: $FIL ｜Broke below the 1.2 level
Definition: The longer it’s been since the price last reached this level, the more the distribution of positions around it may have changed. The support or resistance it provided back then may no longer hold.
How to read it: The level itself doesn’t determine whether prices rise or fall. It’s simply an area where buyers and sellers often clash, and trading activity will tell the story.
Don’t place an order at the most volatile moment. Wait for the candlestick to close and settle before taking another look.
I could be wrong, so don’t follow this blindly.
Definition: The longer it’s been since the price last reached this level, the more the distribution of positions around it may have changed. The support or resistance it provided back then may no longer hold.
How to read it: The level itself doesn’t determine whether prices rise or fall. It’s simply an area where buyers and sellers often clash, and trading activity will tell the story.
Don’t place an order at the most volatile moment. Wait for the candlestick to close and settle before taking another look.
I could be wrong, so don’t follow this blindly.