🧭 Latest data: $JCT | Fell below the 0.007 threshold
· Definition: A support level is a price range where prices have repeatedly found a floor as they fall. A resistance level is an area where prices have repeatedly struggled to rise above.
· How to read it: When a price returns to a level after a long time, people who entered the market around that level may sell to break even or add to their positions, so trading activity often becomes more concentrated.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
#JCT
· Definition: A support level is a price range where prices have repeatedly found a floor as they fall. A resistance level is an area where prices have repeatedly struggled to rise above.
· How to read it: When a price returns to a level after a long time, people who entered the market around that level may sell to break even or add to their positions, so trading activity often becomes more concentrated.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
#JCT
