Technical Notes｜$牛来｜Losing the 0.06 Level
Definition: Common ways to determine whether a break below a level is valid include: closing on the other side of the level, failing to reclaim it on a rebound, and seeing volume pick up as the level is crossed.
How to read it: When prices repeatedly tussle around a key level, both bulls and bears can easily get stopped out again and again. Keeping positions small until the direction becomes clear may be a better approach.
Confirmation from several indicators is more reliable than looking at just one, but even more indicators cannot provide a definitive conclusion.
Just my personal opinion—please consider it rationally.
Definition: Common ways to determine whether a break below a level is valid include: closing on the other side of the level, failing to reclaim it on a rebound, and seeing volume pick up as the level is crossed.
How to read it: When prices repeatedly tussle around a key level, both bulls and bears can easily get stopped out again and again. Keeping positions small until the direction becomes clear may be a better approach.
Confirmation from several indicators is more reliable than looking at just one, but even more indicators cannot provide a definitive conclusion.
Just my personal opinion—please consider it rationally.