$LIT ｜Breaking Through 3 Key Levels
How are key price levels determined? One rule of thumb is that a resistance level that’s decisively broken often becomes support, while a support level that’s decisively breached often becomes resistance.
When the price returns to a level after many days, people who entered around that level earlier may sell to break even or add to their positions, so trading activity often picks up.
With leveraged trading, first consider whether you can withstand the worst-case outcome, then think about what the signals are telling you.
#LIT
How are key price levels determined? One rule of thumb is that a resistance level that’s decisively broken often becomes support, while a support level that’s decisively breached often becomes resistance.
When the price returns to a level after many days, people who entered around that level earlier may sell to break even or add to their positions, so trading activity often picks up.
With leveraged trading, first consider whether you can withstand the worst-case outcome, then think about what the signals are telling you.
#LIT