Market Notes | $BEAMX | Fell below the 0.004 level
Definition: A support level is an area where the price has repeatedly found support as it falls. A resistance level (also called a pressure level) is a price range the price has repeatedly struggled to rise above.
A common way to read this: When the price swings back and forth near a key level, both bulls and bears may have their stop-losses triggered in turn. Keeping positions small is often a good approach until the direction becomes clear.
Several data points that corroborate one another are more reliable than looking at just one, but even more indicators can’t provide a definitive answer.
Definition: A support level is an area where the price has repeatedly found support as it falls. A resistance level (also called a pressure level) is a price range the price has repeatedly struggled to rise above.
A common way to read this: When the price swings back and forth near a key level, both bulls and bears may have their stop-losses triggered in turn. Keeping positions small is often a good approach until the direction becomes clear.
Several data points that corroborate one another are more reliable than looking at just one, but even more indicators can’t provide a definitive answer.