Technical Note｜$AGT ｜Fell Below the 0.03 Level
Definition: A support level is a price range that has repeatedly held as prices fell. A resistance level refers to an area where prices have repeatedly stalled as they rose.
A common way to read it: The first pullback after a breakout is often seen as a test. If the price can hold above the level, the idea that resistance has turned into support is more convincing.
Sizing your position based on the stop-loss distance is much steadier than placing trades by feel.
Definition: A support level is a price range that has repeatedly held as prices fell. A resistance level refers to an area where prices have repeatedly stalled as they rose.
A common way to read it: The first pullback after a breakout is often seen as a test. If the price can hold above the level, the idea that resistance has turned into support is more convincing.
Sizing your position based on the stop-loss distance is much steadier than placing trades by feel.
