$SIREN broke through the 0.035 level.
A newbie asks a burning question: How should we understand support and resistance?
A common rule of thumb is that a resistance level that has been decisively broken often turns into support, while a support level that has been decisively broken often turns into resistance.
When the price keeps crossing back and forth around a key level, both bulls and bears can easily get shaken out. Waiting or trading less until the direction becomes clear may be the safer choice.
Learning to read indicators isn’t difficult; the hard part is sticking to your plan when emotions are running highest.
A newbie asks a burning question: How should we understand support and resistance?
A common rule of thumb is that a resistance level that has been decisively broken often turns into support, while a support level that has been decisively broken often turns into resistance.
When the price keeps crossing back and forth around a key level, both bulls and bears can easily get shaken out. Waiting or trading less until the direction becomes clear may be the safer choice.
Learning to read indicators isn’t difficult; the hard part is sticking to your plan when emotions are running highest.