🧨 $INJ breaks through the 8 level!
Pause for a couple of seconds and understand the significance of round-number levels before acting👇
A commonly cited rule is: a resistance level that’s decisively broken often becomes support, while a support level that’s decisively broken often becomes resistance.
Breaking through a level only shows that one side has the upper hand at that moment. How much further the price can go depends on where the next key level is and whether the momentum can be sustained.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
Whether to buy is up to you. This is just for sharing.
Pause for a couple of seconds and understand the significance of round-number levels before acting👇
A commonly cited rule is: a resistance level that’s decisively broken often becomes support, while a support level that’s decisively broken often becomes resistance.
Breaking through a level only shows that one side has the upper hand at that moment. How much further the price can go depends on where the next key level is and whether the momentum can be sustained.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
Whether to buy is up to you. This is just for sharing.