$BEAT broke through the 0.08 level.
Everyone, what do support and resistance mean? Here’s a quick explanation👇
A common rule of thumb is that a resistance level that’s decisively broken often becomes a support level, while a support level that’s decisively broken often becomes a resistance level.
When prices are repeatedly battling near a key level, both bulls and bears can get shaken out. Keeping your position small may be a better choice until the direction becomes clearer.
The point of understanding this indicator is to avoid being misled by a single number—not to use it to predict whether prices will rise or fall.
#BEAT
Everyone, what do support and resistance mean? Here’s a quick explanation👇
A common rule of thumb is that a resistance level that’s decisively broken often becomes a support level, while a support level that’s decisively broken often becomes a resistance level.
When prices are repeatedly battling near a key level, both bulls and bears can get shaken out. Keeping your position small may be a better choice until the direction becomes clearer.
The point of understanding this indicator is to avoid being misled by a single number—not to use it to predict whether prices will rise or fall.
#BEAT