$XRP fell below the 1.25 level.
Let’s use this number to talk about key price levels.
Support is an area where the price has repeatedly stopped falling; resistance is a price range where it has repeatedly stalled on the way up.
It’s common for the price to break through a level and then retreat, so many people prefer to wait for it to hold above the level at market close before treating the breakout as confirmed, rather than jumping in the moment it breaks through.
Indicators can be wrong, so don’t skip setting a stop-loss. Deciding in advance what to do if your judgment is wrong is more important than trying to predict correctly.
Just my personal opinion, not investment advice.
Let’s use this number to talk about key price levels.
Support is an area where the price has repeatedly stopped falling; resistance is a price range where it has repeatedly stalled on the way up.
It’s common for the price to break through a level and then retreat, so many people prefer to wait for it to hold above the level at market close before treating the breakout as confirmed, rather than jumping in the moment it breaks through.
Indicators can be wrong, so don’t skip setting a stop-loss. Deciding in advance what to do if your judgment is wrong is more important than trying to predict correctly.
Just my personal opinion, not investment advice.
