🧮 Data at a glance: $BAT ｜Breaks through the 0.2 mark
· What it means: Previous highs and lows are the most commonly used reference price levels. Having been rejected or supported at a particular level before can influence decisions when the price returns to it.
· How to read it: When the price returns to a level after many days, people who bought around that area previously may sell to break even or add to their positions, so trading activity often becomes more concentrated.
With leveraged positions, first work out whether you can withstand the worst-case outcome, then consider what the indicators are saying.
· What it means: Previous highs and lows are the most commonly used reference price levels. Having been rejected or supported at a particular level before can influence decisions when the price returns to it.
· How to read it: When the price returns to a level after many days, people who bought around that area previously may sell to break even or add to their positions, so trading activity often becomes more concentrated.
With leveraged positions, first work out whether you can withstand the worst-case outcome, then consider what the indicators are saying.