Today’s crypto market update: $PUMP fell below the 0.0046 level.
To a price, a level is just an ordinary number; to people, it can be a big deal.
Seriously, the more often a price level is tested, the more significant it tends to become in people’s eyes. But some say repeated tests can also weaken the orders resting there.
Multiple data points that corroborate one another are more reliable than looking at just one, but even a wealth of signals can’t provide a definitive conclusion.
To a price, a level is just an ordinary number; to people, it can be a big deal.
Seriously, the more often a price level is tested, the more significant it tends to become in people’s eyes. But some say repeated tests can also weaken the orders resting there.
Multiple data points that corroborate one another are more reliable than looking at just one, but even a wealth of signals can’t provide a definitive conclusion.