An office worker sneaks a peek at the market and sees: $APR has climbed above the 0.055 mark. It’s been 14 days since it was last here.
To price, round-number levels are just ordinary numbers. To us, though, they’re psychological barriers.
On a more serious note, the usual rule is: a resistance level that’s decisively broken often turns into support, while a support level that’s decisively broken often turns into resistance.
If you’re using leverage, first consider whether you can handle the worst-case scenario, then look at what the signals are saying.
#APR
To price, round-number levels are just ordinary numbers. To us, though, they’re psychological barriers.
On a more serious note, the usual rule is: a resistance level that’s decisively broken often turns into support, while a support level that’s decisively broken often turns into resistance.
If you’re using leverage, first consider whether you can handle the worst-case scenario, then look at what the signals are saying.
#APR