$IRYS ｜Breaking through the 0.02 level
How should you understand support and resistance? Previous highs and lows are commonly used key price levels: the memory of price failing to rise above—or being supported at—a level can influence buying and selling when it returns there.
The first rebound after a level is lost is often seen as a test: if price is pushed back near that level, the case for support turning into resistance becomes stronger.
Don’t place orders during the fastest-moving minutes. Wait for the price to settle before deciding.
Just casual discussion—not advice.
How should you understand support and resistance? Previous highs and lows are commonly used key price levels: the memory of price failing to rise above—or being supported at—a level can influence buying and selling when it returns there.
The first rebound after a level is lost is often seen as a test: if price is pushed back near that level, the case for support turning into resistance becomes stronger.
Don’t place orders during the fastest-moving minutes. Wait for the price to settle before deciding.
Just casual discussion—not advice.