🐋 $TRUTH has broken through the 0.017 level.
Large numbers of orders often cluster around whole-number levels, so first, understand why key price levels matter.
Support and resistance are better thought of as price zones rather than precise decimal points, and it’s perfectly normal for prices to test these zones repeatedly.
It’s not uncommon for prices to break through a level and then fall back below it, so many people wait for the price to hold above it at the close rather than jumping in the moment it breaks through.
Any data only summarizes what has already happened in the market, which can always move in the opposite direction.
Large numbers of orders often cluster around whole-number levels, so first, understand why key price levels matter.
Support and resistance are better thought of as price zones rather than precise decimal points, and it’s perfectly normal for prices to test these zones repeatedly.
It’s not uncommon for prices to break through a level and then fall back below it, so many people wait for the price to hold above it at the close rather than jumping in the moment it breaks through.
Any data only summarizes what has already happened in the market, which can always move in the opposite direction.