Indicator Notes｜$BEAT ｜Lost the 0.09 level
Definition: Support and resistance are better thought of as zones rather than prices precise to the decimal point. It’s normal for prices to swing back and forth around them.
How to read it: Many people use key levels as a reference for managing risk: which side of the level to enter on and where to set a stop-loss are more practical considerations than predicting direction.
Comparing multiple indicators is more reliable than looking at just one, but no number of signals can provide a definitive conclusion.
I get it wrong a lot too—don’t take this as advice.
Definition: Support and resistance are better thought of as zones rather than prices precise to the decimal point. It’s normal for prices to swing back and forth around them.
How to read it: Many people use key levels as a reference for managing risk: which side of the level to enter on and where to set a stop-loss are more practical considerations than predicting direction.
Comparing multiple indicators is more reliable than looking at just one, but no number of signals can provide a definitive conclusion.
I get it wrong a lot too—don’t take this as advice.
