$BR has fallen below the 0.5 level.
A beginner’s burning question: how should we understand support and resistance?
Common ways to confirm whether a breakdown is valid include: the price closes on the other side of the level, fails to reclaim it on a retest, and volume increases during the breakout.
To price, a level is just an ordinary number; to people, it can mean a lot.
Indicators can fail, but stop-losses shouldn’t be overlooked: think ahead about what you’ll do if you’re wrong—it matters more than whether your prediction is right.
A beginner’s burning question: how should we understand support and resistance?
Common ways to confirm whether a breakdown is valid include: the price closes on the other side of the level, fails to reclaim it on a retest, and volume increases during the breakout.
To price, a level is just an ordinary number; to people, it can mean a lot.
Indicators can fail, but stop-losses shouldn’t be overlooked: think ahead about what you’ll do if you’re wrong—it matters more than whether your prediction is right.