🧭 $AGT moved above the 0.075 level.
【Quick explainer】How should you understand support and resistance?
Support and resistance are really price zones, not levels precise to a decimal point, so it’s perfectly normal for prices to test these zones repeatedly.
It’s not uncommon for prices to break through a level and then fall back below it. That’s why many people wait for a candle close to confirm the move rather than chasing it the moment it breaks through.
Sizing your position based on the distance to your stop-loss is much more reliable than going by feel.
【Quick explainer】How should you understand support and resistance?
Support and resistance are really price zones, not levels precise to a decimal point, so it’s perfectly normal for prices to test these zones repeatedly.
It’s not uncommon for prices to break through a level and then fall back below it. That’s why many people wait for a candle close to confirm the move rather than chasing it the moment it breaks through.
Sizing your position based on the distance to your stop-loss is much more reliable than going by feel.