$AKE has lost the 0.03 level!
Don’t get carried away—understand the key price levels first.
Support and resistance are more like price zones than exact prices down to the decimal. It’s perfectly normal for prices to move back and forth within these zones.
The first rebound after a breakdown is often seen as a litmus test: if the price is rejected near the level, that lends more credibility to the idea that support has turned into resistance.
Leave yourself plenty of room when using leverage, so one sudden swing doesn’t stop you out.
Don’t get carried away—understand the key price levels first.
Support and resistance are more like price zones than exact prices down to the decimal. It’s perfectly normal for prices to move back and forth within these zones.
The first rebound after a breakdown is often seen as a litmus test: if the price is rejected near the level, that lends more credibility to the idea that support has turned into resistance.
Leave yourself plenty of room when using leverage, so one sudden swing doesn’t stop you out.