Indicator Notes | $AGT | Drops below the 0.07 level
First, a definition: Previous highs and lows are commonly watched key price levels. The memory of price failing to rise above or being supported at these levels can influence decisions when it returns to them.
How to read it: When prices repeatedly swing back and forth near a key level, both bulls and bears can easily get stopped out repeatedly. Keeping positions small until the direction becomes clear is often the more prudent choice.
If using leverage, keep extra margin available. Don’t let a single price spike force you out of your position.
Market conditions change quickly, so make your own judgment.
First, a definition: Previous highs and lows are commonly watched key price levels. The memory of price failing to rise above or being supported at these levels can influence decisions when it returns to them.
How to read it: When prices repeatedly swing back and forth near a key level, both bulls and bears can easily get stopped out repeatedly. Keeping positions small until the direction becomes clear is often the more prudent choice.
If using leverage, keep extra margin available. Don’t let a single price spike force you out of your position.
Market conditions change quickly, so make your own judgment.