🗂️ Latest data: $SAND ｜Fell below the 0.06 level
· Definition: A support level is an area where prices have repeatedly stopped falling in the past. A resistance level (also called a resistance zone) is an area where prices have repeatedly stalled while rising.
· How to read it: It’s common for prices to break through a level and then fall back below it. That’s why many people wait for the candle to close for confirmation instead of chasing the move the moment it breaks through.
Don’t chase trades during the few minutes of fastest volatility. Wait for the candlestick to close and settle before taking another look.
#SAND
· Definition: A support level is an area where prices have repeatedly stopped falling in the past. A resistance level (also called a resistance zone) is an area where prices have repeatedly stalled while rising.
· How to read it: It’s common for prices to break through a level and then fall back below it. That’s why many people wait for the candle to close for confirmation instead of chasing the move the moment it breaks through.
Don’t chase trades during the few minutes of fastest volatility. Wait for the candlestick to close and settle before taking another look.
#SAND