$PONS breaks through the 0.2 level.
Let’s use this data to talk about round-number levels.
Common ways to judge whether a breakout is valid include: the close is on the other side of the level, a pullback fails to reclaim it, and volume picks up as the price crosses it.
The first rebound after a breakdown is often seen as a test: if the price is turned back near the level, that lends support to the idea that support has turned into resistance.
All indicators summarize market movements that have already happened, and prices can always move in the opposite direction.
Do your homework before making a move.
Let’s use this data to talk about round-number levels.
Common ways to judge whether a breakout is valid include: the close is on the other side of the level, a pullback fails to reclaim it, and volume picks up as the price crosses it.
The first rebound after a breakdown is often seen as a test: if the price is turned back near the level, that lends support to the idea that support has turned into resistance.
All indicators summarize market movements that have already happened, and prices can always move in the opposite direction.
Do your homework before making a move.