$GRASS has fallen below the 0.7 level.
Everyone, what do support and resistance mean? Here’s a quick explanation👇
Previous highs and lows are among the most commonly used key price levels. The fact that price was previously turned away from or supported at those levels can influence buying and selling when it returns.
When the price repeatedly crosses a level in both directions, both bulls and bears can get shaken out. It’s often best to stay on the sidelines until the direction becomes clearer.
Comparing several indicators is more reliable than looking at just one, but even multiple signals can’t provide a definitive conclusion.
Everyone, what do support and resistance mean? Here’s a quick explanation👇
Previous highs and lows are among the most commonly used key price levels. The fact that price was previously turned away from or supported at those levels can influence buying and selling when it returns.
When the price repeatedly crosses a level in both directions, both bulls and bears can get shaken out. It’s often best to stay on the sidelines until the direction becomes clearer.
Comparing several indicators is more reliable than looking at just one, but even multiple signals can’t provide a definitive conclusion.