Market Notes｜$HYPE ｜Breaking above the 80 level
First, a definition: support and resistance are actually zones, not prices precise to the last digit. It’s normal for prices to test the area back and forth.
How to read it: the level itself doesn’t determine whether prices rise or fall. It’s more like an area where buyers and sellers clash most intensely; ultimately, the money flows will decide the direction.
Leave plenty of room when using leverage, so a single wick doesn’t stop you out.
#HYPE
First, a definition: support and resistance are actually zones, not prices precise to the last digit. It’s normal for prices to test the area back and forth.
How to read it: the level itself doesn’t determine whether prices rise or fall. It’s more like an area where buyers and sellers clash most intensely; ultimately, the money flows will decide the direction.
Leave plenty of room when using leverage, so a single wick doesn’t stop you out.
#HYPE
