$PEPE has broken below the 0.0₅46 level.
Everyone, how should we understand support and resistance? Here’s a concise explanation.
Common criteria for confirming a genuine breakout include: the close is on the other side of the level, a retest fails to reclaim it, and volume expands as price crosses the level.
The first rebound after a breakdown is often seen as a litmus test: if price is rejected below the level, the idea that support has turned into resistance becomes more convincing.
Don’t chase a trade during the most volatile moment; wait for price action to play out before deciding.
#PEPE
Everyone, how should we understand support and resistance? Here’s a concise explanation.
Common criteria for confirming a genuine breakout include: the close is on the other side of the level, a retest fails to reclaim it, and volume expands as price crosses the level.
The first rebound after a breakdown is often seen as a litmus test: if price is rejected below the level, the idea that support has turned into resistance becomes more convincing.
Don’t chase a trade during the most volatile moment; wait for price action to play out before deciding.
#PEPE