$ZRO ｜Breaking through the 1.9 level
Before looking at fund flows, first understand the key price levels.
Previous highs and lows are the most common reference points: past difficulty rising above or falling below these levels can influence decisions when the price reaches them again.
It’s not uncommon for prices to break through a level and then fall back, so many people wait for the closing price to hold above it rather than chasing the move as it breaks through.
Unusually high readings often come with larger swings. At times like these, it’s wiser to reduce leverage rather than add to it.
Before looking at fund flows, first understand the key price levels.
Previous highs and lows are the most common reference points: past difficulty rising above or falling below these levels can influence decisions when the price reaches them again.
It’s not uncommon for prices to break through a level and then fall back, so many people wait for the closing price to hold above it rather than chasing the move as it breaks through.
Unusually high readings often come with larger swings. At times like these, it’s wiser to reduce leverage rather than add to it.