📋 Data snapshot: $STRK | Breaking through the 0.045 level
· Definition: Previous highs and lows are commonly used reference price levels. The memory of being turned back or supported at these levels last time can influence buying and selling when the price reaches them again.
· How to read them: Many people use these levels as a reference for risk management. Which side of a level you hold a position on and where you set your stop-loss are more practical considerations than guessing the direction.
Learning to read indicators isn’t hard. The hard part is sticking to the rules when the market is at its most volatile.
#STRK
· Definition: Previous highs and lows are commonly used reference price levels. The memory of being turned back or supported at these levels last time can influence buying and selling when the price reaches them again.
· How to read them: Many people use these levels as a reference for risk management. Which side of a level you hold a position on and where you set your stop-loss are more practical considerations than guessing the direction.
Learning to read indicators isn’t hard. The hard part is sticking to the rules when the market is at its most volatile.
#STRK