Technical Note｜$QNT ｜190 level lost
Definition: Previous highs and lows are among the most commonly used key price levels. The fact that price was turned back or held up at a particular level last time often influences buying and selling when it reaches that level again.
How to read it: When price repeatedly moves back and forth around a key level, both bulls and bears can easily get stopped out. Before the direction becomes clear, keeping positions small is often the safer approach.
Comparing several data points is more reliable than looking at just one, but no number of indicators can provide a definite answer.
#QNT
Definition: Previous highs and lows are among the most commonly used key price levels. The fact that price was turned back or held up at a particular level last time often influences buying and selling when it reaches that level again.
How to read it: When price repeatedly moves back and forth around a key level, both bulls and bears can easily get stopped out. Before the direction becomes clear, keeping positions small is often the safer approach.
Comparing several data points is more reliable than looking at just one, but no number of indicators can provide a definite answer.
#QNT