Indicator Notes | $MAGMA | Breaks above the 0.47 level
First, the definitions: A support level is a price range where prices have repeatedly found support during declines. A resistance level (also called a resistance zone) is a price range where prices have repeatedly encountered resistance during rises.
Next, how to read them: Volatility often increases near these key levels. Leveraged trades need more room here, as stop-losses placed too close to round-number levels can easily get triggered.
Leave enough room for leveraged positions; don't let a sudden sharp move wipe you out.
First, the definitions: A support level is a price range where prices have repeatedly found support during declines. A resistance level (also called a resistance zone) is a price range where prices have repeatedly encountered resistance during rises.
Next, how to read them: Volatility often increases near these key levels. Leveraged trades need more room here, as stop-losses placed too close to round-number levels can easily get triggered.
Leave enough room for leveraged positions; don't let a sudden sharp move wipe you out.