Indicator Notes | $CKB | Breaking through the 0.0017 level
Definition: The longer it has been since the price last reached this level, the more likely the positioning structure around it has changed. The support or resistance from back then may no longer hold.
How to read it: Breaking through a level only shows that one side has the upper hand at this moment. Whether the move can continue depends on where the next key levels are and whether trading volume can keep up.
Work out your position size based on the stop-loss distance—it’s far more reliable than guessing.
#CKB
Definition: The longer it has been since the price last reached this level, the more likely the positioning structure around it has changed. The support or resistance from back then may no longer hold.
How to read it: Breaking through a level only shows that one side has the upper hand at this moment. Whether the move can continue depends on where the next key levels are and whether trading volume can keep up.
Work out your position size based on the stop-loss distance—it’s far more reliable than guessing.
#CKB