📊 Data: $PEPE ｜Broke below the 0.0₅39 level (current price: 0.0₅392, now back above the level)
· Meaning: Support and resistance are more like zones than precise price points, so it’s normal for the price to test this area repeatedly.
· Common interpretation: The first pullback after breaking above a level is often seen as a test. If the price can hold above it, the idea that resistance has turned into support is more likely to hold.
All indicators describe past market action; the price can move in the opposite direction at any time.
Personal notes. Make your own trading decisions.
· Meaning: Support and resistance are more like zones than precise price points, so it’s normal for the price to test this area repeatedly.
· Common interpretation: The first pullback after breaking above a level is often seen as a test. If the price can hold above it, the idea that resistance has turned into support is more likely to hold.
All indicators describe past market action; the price can move in the opposite direction at any time.
Personal notes. Make your own trading decisions.