Just saw: $TRUMP has fallen below the 1.9 level.
People often ask how to interpret round-number levels. Here’s my take.
Previous highs and lows are the most commonly watched key levels: the experience of being unable to rise above or fall below a level last time often influences decisions when the price returns to it.
Breaking through a level only means one side has the upper hand at that moment. Whether the move can continue depends on where the next key level lies and whether capital keeps flowing in.
Extreme readings often signal greater volatility. That’s when you should be more inclined to reduce your position, not add to it.
#TRUMP
People often ask how to interpret round-number levels. Here’s my take.
Previous highs and lows are the most commonly watched key levels: the experience of being unable to rise above or fall below a level last time often influences decisions when the price returns to it.
Breaking through a level only means one side has the upper hand at that moment. Whether the move can continue depends on where the next key level lies and whether capital keeps flowing in.
Extreme readings often signal greater volatility. That’s when you should be more inclined to reduce your position, not add to it.
#TRUMP