Technical Notes｜$MUBARAK ｜Breaking through the 0.06 level
First, a definition: the more often a price level is tested, the more firmly it tends to become established in people’s minds. However, some argue that repeated tests can also weaken the support at that level.
A common interpretation: it’s not unusual for prices to break through a level and then fall back, so many people wait for confirmation at the close before taking it seriously, rather than jumping in the moment the price breaks through.
With leveraged positions, first consider whether you can withstand the worst-case scenario, then see what the indicators say.
#MUBARAK
First, a definition: the more often a price level is tested, the more firmly it tends to become established in people’s minds. However, some argue that repeated tests can also weaken the support at that level.
A common interpretation: it’s not unusual for prices to break through a level and then fall back, so many people wait for confirmation at the close before taking it seriously, rather than jumping in the moment the price breaks through.
With leveraged positions, first consider whether you can withstand the worst-case scenario, then see what the indicators say.
#MUBARAK