$XMR broke through the 600 level.
A large number of orders are often placed near key levels, so let’s first talk about how they can influence the market.
A support level is an area where the price has repeatedly found support as it fell. A resistance level is a price range the market has repeatedly struggled to rise above.
A key level doesn’t determine the direction on its own. It’s more like a battleground where buyers and sellers clash most fiercely; ultimately, trading activity determines which way the price goes.
Don’t chase trades during the fastest-moving minutes. Wait for the candlestick to close before taking a look.
A large number of orders are often placed near key levels, so let’s first talk about how they can influence the market.
A support level is an area where the price has repeatedly found support as it fell. A resistance level is a price range the market has repeatedly struggled to rise above.
A key level doesn’t determine the direction on its own. It’s more like a battleground where buyers and sellers clash most fiercely; ultimately, trading activity determines which way the price goes.
Don’t chase trades during the fastest-moving minutes. Wait for the candlestick to close before taking a look.