$VVV ｜Breaking through the 25 level
Before discussing funds, let’s first understand key price levels.
Support and resistance are more like zones than prices precise to the decimal point. It’s perfectly normal for prices to test these areas repeatedly.
When a price returns to a level after a long time, it often meets people who bought there before and are now selling to break even or adding to their positions. Trading activity tends to cluster around these levels.
Understanding this indicator is about being less intimidated by the numbers, not using it to pinpoint tops and bottoms.
#VVV
You’re responsible for your own risk. Just sharing thoughts.
Before discussing funds, let’s first understand key price levels.
Support and resistance are more like zones than prices precise to the decimal point. It’s perfectly normal for prices to test these areas repeatedly.
When a price returns to a level after a long time, it often meets people who bought there before and are now selling to break even or adding to their positions. Trading activity tends to cluster around these levels.
Understanding this indicator is about being less intimidated by the numbers, not using it to pinpoint tops and bottoms.
#VVV
You’re responsible for your own risk. Just sharing thoughts.
