Indicator Notes | $BLESS | Breaking Through the 0.013 Level
First, some definitions: A support level is a price range where declines have repeatedly stalled. A resistance level is a price range that prices have repeatedly failed to rise above.
How to read it: The first rebound after a break below is often seen as a test. If the price is pushed back down below the level, that lends more credibility to the idea that support has turned into resistance.
Indicators can fail, so don’t skip risk management: Deciding in advance what to do if your assessment is wrong matters more than getting the prediction right.
First, some definitions: A support level is a price range where declines have repeatedly stalled. A resistance level is a price range that prices have repeatedly failed to rise above.
How to read it: The first rebound after a break below is often seen as a test. If the price is pushed back down below the level, that lends more credibility to the idea that support has turned into resistance.
Indicators can fail, so don’t skip risk management: Deciding in advance what to do if your assessment is wrong matters more than getting the prediction right.
