📌 $MAGIC breaks above the 0.11 level.
【One-minute explainer】How should you understand support and resistance?
Common criteria for judging whether a breakout is valid include: the close is on the other side of the level, the price fails to fall back below it on a retest, and trading volume picks up as the price breaks through.
When the price returns to a level after several days, people who bought around that price may break even and exit or add to their positions, so trading often becomes concentrated there.
Leave enough room in your futures positions—don't let one sharp move force you out of a trade.
#MAGIC
【One-minute explainer】How should you understand support and resistance?
Common criteria for judging whether a breakout is valid include: the close is on the other side of the level, the price fails to fall back below it on a retest, and trading volume picks up as the price breaks through.
When the price returns to a level after several days, people who bought around that price may break even and exit or add to their positions, so trading often becomes concentrated there.
Leave enough room in your futures positions—don't let one sharp move force you out of a trade.
#MAGIC