$BEAT ｜Falling below the 0.09 level
Before discussing capital flows, first understand round-number levels.
Previous highs and lows are the most commonly used key price levels: having been turned back or supported there before often influences decisions when the price returns to that level.
The first pullback after breaking above a level is often seen as a test: if the price can stabilize above it, the case for resistance turning into support becomes stronger.
Unusually rare readings often signal more volatile price action. At such times, it’s better to reduce leverage rather than increase your position.
Before discussing capital flows, first understand round-number levels.
Previous highs and lows are the most commonly used key price levels: having been turned back or supported there before often influences decisions when the price returns to that level.
The first pullback after breaking above a level is often seen as a test: if the price can stabilize above it, the case for resistance turning into support becomes stronger.
Unusually rare readings often signal more volatile price action. At such times, it’s better to reduce leverage rather than increase your position.
