$ZEC fell below the 1250 mark.
Everyone, how should we understand support and resistance? Here's a quick explanation 👇
One rule of thumb: a resistance level that's decisively broken often becomes support later; a support level that's truly broken often becomes resistance later.
It's not uncommon for prices to break through a level and then fall back below it, so many people wait for the close to confirm the break rather than chasing the move as it happens.
Before trading with leverage, think about whether you can handle the worst-case scenario, then see what the signals say.
Everyone, how should we understand support and resistance? Here's a quick explanation 👇
One rule of thumb: a resistance level that's decisively broken often becomes support later; a support level that's truly broken often becomes resistance later.
It's not uncommon for prices to break through a level and then fall back below it, so many people wait for the close to confirm the break rather than chasing the move as it happens.
Before trading with leverage, think about whether you can handle the worst-case scenario, then see what the signals say.
