Technical Notes | $BTW | Breaking Through Level 2
First, the definitions: A support level is a price range where prices have repeatedly stopped falling in the past. A resistance level (also called a pressure level) is an area prices have repeatedly failed to rise above.
Next, how to read them: A level itself does not determine the direction. It is more like an area where buyers and sellers clash intensely, and the outcome depends on trading volume.
All indicators describe only past market movements; prices can absolutely move in the opposite direction.
First, the definitions: A support level is a price range where prices have repeatedly stopped falling in the past. A resistance level (also called a pressure level) is an area prices have repeatedly failed to rise above.
Next, how to read them: A level itself does not determine the direction. It is more like an area where buyers and sellers clash intensely, and the outcome depends on trading volume.
All indicators describe only past market movements; prices can absolutely move in the opposite direction.