$RSR ｜Breaking below the 0.002 level
How are key price levels determined? Support and resistance are more like zones than prices precise to a decimal point, so it’s perfectly normal for prices to fluctuate back and forth nearby.
The first rebound after a breakdown is often seen as a litmus test: if the price is turned back near the level, the idea that support has become resistance is more convincing.
The same reading can mean very different things in different market conditions, so don’t apply a single rule mechanically.
#RSR
How are key price levels determined? Support and resistance are more like zones than prices precise to a decimal point, so it’s perfectly normal for prices to fluctuate back and forth nearby.
The first rebound after a breakdown is often seen as a litmus test: if the price is turned back near the level, the idea that support has become resistance is more convincing.
The same reading can mean very different things in different market conditions, so don’t apply a single rule mechanically.
#RSR