$BR failed to hold the 0.35 level.
Let's talk about what's behind this number.
Previous highs and lows are the most commonly used key price levels: the memory of being turned back or finding a floor at that level last time often influences buying and selling when the price returns to it.
The first pullback after a breakout is often seen as a test: if the price can stabilize near the level, the idea that resistance has turned into support is more convincing.
Understanding this indicator is meant to keep you from being misled by a single number, not to use it to predict whether prices will rise or fall.
Personal notes, not buying or selling advice.
Let's talk about what's behind this number.
Previous highs and lows are the most commonly used key price levels: the memory of being turned back or finding a floor at that level last time often influences buying and selling when the price returns to it.
The first pullback after a breakout is often seen as a test: if the price can stabilize near the level, the idea that resistance has turned into support is more convincing.
Understanding this indicator is meant to keep you from being misled by a single number, not to use it to predict whether prices will rise or fall.
Personal notes, not buying or selling advice.