📌 Latest data: $JCT | Fell below the 0.0043 level
· What it is: The more often a price level is tested, the more prominent it tends to become in traders’ minds. However, some believe repeated tests can actually weaken the resting orders at that level.
· A common way to read it: Many traders use the level as a reference for managing positions: which side of it to hold a position on and where to place a stop-loss can be more practical than trying to predict whether prices will rise or fall.
Any indicator describes market movements that have already happened; the market can move in the opposite direction at any time.
#JCT
· What it is: The more often a price level is tested, the more prominent it tends to become in traders’ minds. However, some believe repeated tests can actually weaken the resting orders at that level.
· A common way to read it: Many traders use the level as a reference for managing positions: which side of it to hold a position on and where to place a stop-loss can be more practical than trying to predict whether prices will rise or fall.
Any indicator describes market movements that have already happened; the market can move in the opposite direction at any time.
#JCT