Technical Note｜$CTK ｜Broke below the 0.13 level (current price: 0.1316, now back above the level)
Definition: To determine whether a break below the level is valid, common criteria include closing on the other side of the level, failing to break back above it on a retest, and a surge in volume when crossing the level.
How to read it: It’s common for prices to cross a level and then fall back, so many people prefer to wait for confirmation at the close before treating the move as valid, rather than chasing the price the moment it crosses.
Unusual readings are often accompanied by greater volatility. At such times, it’s better to reduce your position rather than add to it.
#CTK
Definition: To determine whether a break below the level is valid, common criteria include closing on the other side of the level, failing to break back above it on a retest, and a surge in volume when crossing the level.
How to read it: It’s common for prices to cross a level and then fall back, so many people prefer to wait for confirmation at the close before treating the move as valid, rather than chasing the price the moment it crosses.
Unusual readings are often accompanied by greater volatility. At such times, it’s better to reduce your position rather than add to it.
#CTK