🐋 $OP breaks through the 0.13 level.
A lot of orders tend to cluster around key levels, so let’s first talk about why these price levels matter.
Support and resistance are more like zones than prices precise to the last digit, so it’s perfectly normal for prices to seesaw around them.
When a price returns to a level after several days, people who entered around that level earlier may sell to break even or add to their positions, so trading activity usually picks up.
Learning to read indicators isn’t hard; the hard part is sticking to your rules when the market is at its most exciting.
A lot of orders tend to cluster around key levels, so let’s first talk about why these price levels matter.
Support and resistance are more like zones than prices precise to the last digit, so it’s perfectly normal for prices to seesaw around them.
When a price returns to a level after several days, people who entered around that level earlier may sell to break even or add to their positions, so trading activity usually picks up.
Learning to read indicators isn’t hard; the hard part is sticking to your rules when the market is at its most exciting.