Indicator Notes | $DOOD | Fell below the 0.002 level
Definition: Support and resistance are more like zones than precise price points, so it’s perfectly normal for prices to seesaw around them.
Common interpretation: It’s very common for prices to cross a level and then fall back below it. That’s why many people prefer to wait for the close to confirm the move rather than follow it the moment it breaks through.
Indicators can fail, but risk management shouldn’t be ignored: Deciding in advance what to do if you’re wrong matters more than getting the prediction right.
#DOOD
Just sharing some thoughts—make your own decisions about buying and selling.
Definition: Support and resistance are more like zones than precise price points, so it’s perfectly normal for prices to seesaw around them.
Common interpretation: It’s very common for prices to cross a level and then fall back below it. That’s why many people prefer to wait for the close to confirm the move rather than follow it the moment it breaks through.
Indicators can fail, but risk management shouldn’t be ignored: Deciding in advance what to do if you’re wrong matters more than getting the prediction right.
#DOOD
Just sharing some thoughts—make your own decisions about buying and selling.
