Market Notes | $CAP | Failed to hold the 0.08 level
Definition: A support level is a price range where prices have repeatedly found a floor during declines. A resistance level is an area where prices have repeatedly struggled to rise further.
A common way to read these levels: The levels themselves don't determine whether prices rise or fall. They are simply where the battle between buyers and sellers is most concentrated; the outcome still depends on trading activity.
Unusual readings often point to more pronounced swings. In such situations, it's better to reduce leverage rather than increase your position.
Just my personal view—take it with a grain of salt. This isn't advice.
Definition: A support level is a price range where prices have repeatedly found a floor during declines. A resistance level is an area where prices have repeatedly struggled to rise further.
A common way to read these levels: The levels themselves don't determine whether prices rise or fall. They are simply where the battle between buyers and sellers is most concentrated; the outcome still depends on trading activity.
Unusual readings often point to more pronounced swings. In such situations, it's better to reduce leverage rather than increase your position.
Just my personal view—take it with a grain of salt. This isn't advice.
