$APR breaks through the 0.04 level.
Let’s talk about what lies behind this number.
Previous highs and lows are the most commonly used key price levels. Past experiences of prices failing to rise above—or finding support at—these levels often influence buying and selling when prices return to them.
The first rebound after a breakdown is often seen as a test: if the price is pushed back down near the level, that lends support to the idea that support has turned into resistance.
Reading indicators isn’t hard; the hard part is sticking to the rules when emotions are at their most extreme.
This is not investment advice. Don’t follow it.
Let’s talk about what lies behind this number.
Previous highs and lows are the most commonly used key price levels. Past experiences of prices failing to rise above—or finding support at—these levels often influence buying and selling when prices return to them.
The first rebound after a breakdown is often seen as a test: if the price is pushed back down near the level, that lends support to the idea that support has turned into resistance.
Reading indicators isn’t hard; the hard part is sticking to the rules when emotions are at their most extreme.
This is not investment advice. Don’t follow it.
