Indicator Notes | $JCT | Breaking through the 0.004 threshold
First, a definition: support and resistance are better thought of as zones rather than precise price points, so it’s perfectly normal for prices to fluctuate back and forth within these areas.
How to read it: When the price returns to a level after several days, people who previously entered around that level may sell to break even or add to their positions, so trading activity often picks up.
Comparing several data points is more reliable than looking at just one, but even more signals can’t provide a definitive conclusion.
First, a definition: support and resistance are better thought of as zones rather than precise price points, so it’s perfectly normal for prices to fluctuate back and forth within these areas.
How to read it: When the price returns to a level after several days, people who previously entered around that level may sell to break even or add to their positions, so trading activity often picks up.
Comparing several data points is more reliable than looking at just one, but even more signals can’t provide a definitive conclusion.