🗒️ Latest data: $EVAA ｜突破 the 1.3 level
· Definition: A support level is an area where prices have repeatedly found support as they fall. A resistance level (also called a resistance zone) is an area where prices have repeatedly struggled to rise above.
· Common interpretation: Volatility often increases around these levels. Leveraged traders should leave more room here; if a stop-loss is set too close to a round number, it can easily get swept out.
Indicators can fail, but stop-losses shouldn’t be left out: Decide in advance what you’ll do if your judgment is wrong—it matters even more than getting the prediction right.
· Definition: A support level is an area where prices have repeatedly found support as they fall. A resistance level (also called a resistance zone) is an area where prices have repeatedly struggled to rise above.
· Common interpretation: Volatility often increases around these levels. Leveraged traders should leave more room here; if a stop-loss is set too close to a round number, it can easily get swept out.
Indicators can fail, but stop-losses shouldn’t be left out: Decide in advance what you’ll do if your judgment is wrong—it matters even more than getting the prediction right.