Make a note: $RSR breaks through the 0.002 level.
People often ask what a round-number level means. This is how I understand it.
Common criteria for deciding whether a breakout counts include: the close is on the other side of the level, a pullback fails to cross back over it, and trading volume picks up during the breakout.
The first pullback after a breakout is often seen as a test: if the price can stabilize near the level, the idea that resistance has turned into support is more convincing.
Any indicator merely summarizes market movements that have already happened; prices can absolutely move in the opposite direction.
#RSR
People often ask what a round-number level means. This is how I understand it.
Common criteria for deciding whether a breakout counts include: the close is on the other side of the level, a pullback fails to cross back over it, and trading volume picks up during the breakout.
The first pullback after a breakout is often seen as a test: if the price can stabilize near the level, the idea that resistance has turned into support is more convincing.
Any indicator merely summarizes market movements that have already happened; prices can absolutely move in the opposite direction.
#RSR