$IDOL broke through the 0.02 level.
Let’s use this figure to break down some key price levels.
One rule of thumb: resistance that’s decisively broken often turns into support, while support that’s decisively broken often turns into resistance.
Many people use these levels as a reference for position sizing: which side of the level to hold a position on and where to set a stop-loss are more practical considerations than predicting the direction.
Reading indicators isn’t difficult; the real challenge is sticking to the rules when emotions are running high.
Let’s use this figure to break down some key price levels.
One rule of thumb: resistance that’s decisively broken often turns into support, while support that’s decisively broken often turns into resistance.
Many people use these levels as a reference for position sizing: which side of the level to hold a position on and where to set a stop-loss are more practical considerations than predicting the direction.
Reading indicators isn’t difficult; the real challenge is sticking to the rules when emotions are running high.