📐 Data snapshot: $BTW | Holding above the 1.95 level
· What it means: Support and resistance are really price ranges, not precise points down to the last digit. It’s perfectly normal for prices to swing back and forth within these ranges.
· How to read it: When prices repeatedly swing around a key level, both bulls and bears may get stopped out several times. Keeping positions small may be the better choice until the direction becomes clear.
Unusually extreme readings often come with greater volatility. This is when it’s even more important to reduce leverage rather than increase your exposure.
· What it means: Support and resistance are really price ranges, not precise points down to the last digit. It’s perfectly normal for prices to swing back and forth within these ranges.
· How to read it: When prices repeatedly swing around a key level, both bulls and bears may get stopped out several times. Keeping positions small may be the better choice until the direction becomes clear.
Unusually extreme readings often come with greater volatility. This is when it’s even more important to reduce leverage rather than increase your exposure.