🧮 Data quick look: $S ｜Breaking through the 0.07 threshold
· Meaning: A pattern is that a resistance level that is truly broken often later turns into a support level; a support level that is effectively broken often later turns into a resistance level.
· How to read it: When prices keep battling back and forth near a key level, both bulls and bears may be repeatedly shaken out. Before the direction becomes clear, taking a small position is often the better approach.
First figure out whether a leveraged position can withstand the worst-case outcome, then consider what the indicators are saying.
#S
· Meaning: A pattern is that a resistance level that is truly broken often later turns into a support level; a support level that is effectively broken often later turns into a resistance level.
· How to read it: When prices keep battling back and forth near a key level, both bulls and bears may be repeatedly shaken out. Before the direction becomes clear, taking a small position is often the better approach.
First figure out whether a leveraged position can withstand the worst-case outcome, then consider what the indicators are saying.
#S