Indicator Notes｜$TRUMP ｜Fell below the 1.4 level
First, a definition: support and resistance are really price zones, not precise single prices. It’s normal for prices to test them repeatedly.
Next, how to read them: many people use these levels as a reference for risk control. Which side of a level to trade on and where to place a stop-loss are more practical considerations than predicting whether prices will rise or fall.
The point of understanding this indicator is to avoid being misled by a single number, not to use it to pinpoint tops and bottoms.
When markets are highly volatile, risk management comes first.
First, a definition: support and resistance are really price zones, not precise single prices. It’s normal for prices to test them repeatedly.
Next, how to read them: many people use these levels as a reference for risk control. Which side of a level to trade on and where to place a stop-loss are more practical considerations than predicting whether prices will rise or fall.
The point of understanding this indicator is to avoid being misled by a single number, not to use it to pinpoint tops and bottoms.
When markets are highly volatile, risk management comes first.
