Technical Notes | $AKE | Losing the 0.007 Level
First, the definition: A resistance level that is decisively broken often becomes a support level afterward; a support level that is truly broken often becomes resistance afterward.
Next, how to read it: Price fluctuations often increase around key levels. Leveraged traders should leave more room here, as stop-losses placed too close to round numbers can easily get triggered in a quick sweep.
Multiple data points confirming one another are more reliable than looking at just one, but no amount of signals can provide a definitive answer.
I'm just sharing my opinion; this is not investment advice.
First, the definition: A resistance level that is decisively broken often becomes a support level afterward; a support level that is truly broken often becomes resistance afterward.
Next, how to read it: Price fluctuations often increase around key levels. Leveraged traders should leave more room here, as stop-losses placed too close to round numbers can easily get triggered in a quick sweep.
Multiple data points confirming one another are more reliable than looking at just one, but no amount of signals can provide a definitive answer.
I'm just sharing my opinion; this is not investment advice.
