$Q has moved above the 0.044 level.
Guys, how should we understand support and resistance? Here’s a quick explanation:
Previous highs and lows are the most commonly used reference levels. The memory of price failing to rise past or being supported at those levels often influences decisions when price returns to them.
The first pullback after a breakout is often seen as a test: if price can stabilize above the level, the idea that resistance has turned into support becomes more convincing.
Calculating your position size based on the distance to your stop-loss is much more reliable than guessing.
#Q
Guys, how should we understand support and resistance? Here’s a quick explanation:
Previous highs and lows are the most commonly used reference levels. The memory of price failing to rise past or being supported at those levels often influences decisions when price returns to them.
The first pullback after a breakout is often seen as a test: if price can stabilize above the level, the idea that resistance has turned into support becomes more convincing.
Calculating your position size based on the distance to your stop-loss is much more reliable than guessing.
#Q