$SIREN fell below the 0.025 level, just 3 days after it last reached this point.
Let’s use this price to break down the key levels.
The more often a price level is tested, the more weight it tends to carry in people’s minds. However, some argue that repeated tests can also deplete the resting orders there.
Breaking through a level only means one side has the upper hand for now. Whether the move continues depends on where the next key level lies and whether capital keeps flowing in.
Keep enough margin for your futures positions—don’t let a single long wick liquidate your trade.
Let’s use this price to break down the key levels.
The more often a price level is tested, the more weight it tends to carry in people’s minds. However, some argue that repeated tests can also deplete the resting orders there.
Breaking through a level only means one side has the upper hand for now. Whether the move continues depends on where the next key level lies and whether capital keeps flowing in.
Keep enough margin for your futures positions—don’t let a single long wick liquidate your trade.