The candlestick chart is cracking jokes again: $FET has fallen below the 0.19 level.
To the price, a round-number level is just a number; to us, it’s a big deal.
But seriously, the usual rule of thumb is that a resistance level that’s decisively broken often turns into support, while a support level that’s decisively broken often turns into resistance.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
To the price, a round-number level is just a number; to us, it’s a big deal.
But seriously, the usual rule of thumb is that a resistance level that’s decisively broken often turns into support, while a support level that’s decisively broken often turns into resistance.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.