A note: $BTW has broken through the 1.9 level.
People often ask how to interpret whole-number price levels, so here’s my take.
One rule of thumb: a resistance level that’s decisively broken often turns into support later; a support level that’s decisively broken often becomes resistance afterward.
Whole-number levels mean different things for different coins: more people watch major coins’ key round-number levels, while round numbers tend to matter much less for smaller coins.
All data describes past price movements; the market could just as easily move in the opposite direction.
#BTW
People often ask how to interpret whole-number price levels, so here’s my take.
One rule of thumb: a resistance level that’s decisively broken often turns into support later; a support level that’s decisively broken often becomes resistance afterward.
Whole-number levels mean different things for different coins: more people watch major coins’ key round-number levels, while round numbers tend to matter much less for smaller coins.
All data describes past price movements; the market could just as easily move in the opposite direction.
#BTW