🗒️ Quick data overview: $BTW ｜Breaks through the 2 level
· What it means: The longer it has been since the price last reached this level, the more likely the position structure around it has changed. Past support and resistance may no longer hold.
· How to read it: The level itself doesn't determine direction. It's more like an area where bulls and bears are locked in a concentrated battle; let trading volume reveal the outcome.
Don't chase a trade at the fastest moment in the market. Wait for the price move to play out, then assess it.
· What it means: The longer it has been since the price last reached this level, the more likely the position structure around it has changed. Past support and resistance may no longer hold.
· How to read it: The level itself doesn't determine direction. It's more like an area where bulls and bears are locked in a concentrated battle; let trading volume reveal the outcome.
Don't chase a trade at the fastest moment in the market. Wait for the price move to play out, then assess it.