Indicator Notes｜$IRYS ｜Breaks Below the 0.022 Level
First, the definition: Common criteria for deciding whether a break below a level is valid include closing on the other side of the level, failing to reclaim it on a rebound, and a surge in volume during the breakout.
Next, how to read it: The level itself doesn’t determine whether prices rise or fall. It’s more like the point where bulls and bears clash most intensely; ultimately, the direction is decided by the flow of funds.
With leveraged positions, first work out whether you can withstand the worst-case scenario, then consider what the indicator is telling you.
#IRYS
First, the definition: Common criteria for deciding whether a break below a level is valid include closing on the other side of the level, failing to reclaim it on a rebound, and a surge in volume during the breakout.
Next, how to read it: The level itself doesn’t determine whether prices rise or fall. It’s more like the point where bulls and bears clash most intensely; ultimately, the direction is decided by the flow of funds.
With leveraged positions, first work out whether you can withstand the worst-case scenario, then consider what the indicator is telling you.
#IRYS