Technical Note | $BTW | Breaks Below the 2.3 Level
First, a definition: support and resistance are actually price ranges, not precise, single price points. It’s perfectly normal for prices to test these levels repeatedly.
A common way to read them: many people use these levels as anchors for managing positions. Which side of a level you hold a position on, and where you set your stop-loss, are more practical considerations than trying to guess the direction.
Understanding indicators isn’t difficult; the hard part is following the rules when emotions are running high.
These views are for discussion only. Assume all risks yourself.
First, a definition: support and resistance are actually price ranges, not precise, single price points. It’s perfectly normal for prices to test these levels repeatedly.
A common way to read them: many people use these levels as anchors for managing positions. Which side of a level you hold a position on, and where you set your stop-loss, are more practical considerations than trying to guess the direction.
Understanding indicators isn’t difficult; the hard part is following the rules when emotions are running high.
These views are for discussion only. Assume all risks yourself.