$CAP ｜Losing the 0.09 level
Before discussing capital flows, let’s first understand key psychological levels.
Previous highs and lows are commonly used reference points. Memories of being turned back or finding support at these levels can influence buying and selling when the price returns to them.
The first pullback after breaking above a level is often seen as a test: if the price holds above it, the idea that resistance has turned into support becomes more convincing.
Any indicator only summarizes past market movements; prices can move in the opposite direction at any time.
#CAP
Before discussing capital flows, let’s first understand key psychological levels.
Previous highs and lows are commonly used reference points. Memories of being turned back or finding support at these levels can influence buying and selling when the price returns to them.
The first pullback after breaking above a level is often seen as a test: if the price holds above it, the idea that resistance has turned into support becomes more convincing.
Any indicator only summarizes past market movements; prices can move in the opposite direction at any time.
#CAP
