Technical Note | $AKE | Losing the 0.013 Level
First, a definition: A support level is a price zone where declines have repeatedly stalled. A resistance level is a price range that prices have repeatedly failed to rise above.
Now, how to read it: When a price returns to a level after several days, people who bought there earlier may sell to break even or add to their positions, so trading often becomes more active.
Indicators can fail, but risk management should never be absent: deciding in advance what to do if you're wrong matters more than predicting correctly.
First, a definition: A support level is a price zone where declines have repeatedly stalled. A resistance level is a price range that prices have repeatedly failed to rise above.
Now, how to read it: When a price returns to a level after several days, people who bought there earlier may sell to break even or add to their positions, so trading often becomes more active.
Indicators can fail, but risk management should never be absent: deciding in advance what to do if you're wrong matters more than predicting correctly.
