Market Notes | $ZEREBRO | Above the 0.043 Level
Definition: A resistance level that has been decisively broken often later becomes support; a support level that has been decisively broken often later turns into resistance.
A common way to read it: Many people use key levels as a reference for position management. Which side of a level they hold a position on, and where they set their stop-loss, are more useful than trying to predict whether prices will rise or fall.
Unusual readings are often accompanied by more violent volatility. At times like these, it’s better to reduce leverage rather than add to your position.
Definition: A resistance level that has been decisively broken often later becomes support; a support level that has been decisively broken often later turns into resistance.
A common way to read it: Many people use key levels as a reference for position management. Which side of a level they hold a position on, and where they set their stop-loss, are more useful than trying to predict whether prices will rise or fall.
Unusual readings are often accompanied by more violent volatility. At times like these, it’s better to reduce leverage rather than add to your position.