Technical Note｜$TRUTH ｜0.016 level lost
First, a definition: A common rule of thumb is that a resistance level decisively broken often turns into support, while a support level decisively broken often turns into resistance.
How to read this: Volatility often increases near key levels. Leveraged traders should leave more room here; stop-losses set too close to round numbers can easily get swept.
Several data points confirming one another is more reliable than looking at just one, but even more indicators cannot provide a definitive conclusion.
Don’t treat this as a buy or sell signal.
First, a definition: A common rule of thumb is that a resistance level decisively broken often turns into support, while a support level decisively broken often turns into resistance.
How to read this: Volatility often increases near key levels. Leveraged traders should leave more room here; stop-losses set too close to round numbers can easily get swept.
Several data points confirming one another is more reliable than looking at just one, but even more indicators cannot provide a definitive conclusion.
Don’t treat this as a buy or sell signal.