$LYN ｜Breaking through the 0.018 level
Before looking at your position, first understand key price levels.
A support level is an area where prices have repeatedly found a floor while falling. A resistance level is a price range that prices have repeatedly failed to break above while rising.
The levels themselves don’t determine whether prices rise or fall. They’re more like points where buyers and sellers are locked in a concentrated battle, and the outcome depends on the flow of funds.
The same reading can mean very different things in different market conditions, so don’t blindly apply a single rule.
Before looking at your position, first understand key price levels.
A support level is an area where prices have repeatedly found a floor while falling. A resistance level is a price range that prices have repeatedly failed to break above while rising.
The levels themselves don’t determine whether prices rise or fall. They’re more like points where buyers and sellers are locked in a concentrated battle, and the outcome depends on the flow of funds.
The same reading can mean very different things in different market conditions, so don’t blindly apply a single rule.