$TRUMP fell below the 1.25 level.
Let’s use this data to break down key price levels.
Support is an area where prices have repeatedly found a floor while falling. Resistance is a price range where prices have repeatedly met resistance while rising.
Breaking through a level only means one side has the upper hand for now. How much further prices can move depends on the next key levels and whether the momentum can be sustained.
Leave some room when sizing your futures positions, so a single long wick doesn’t force you out of the market.
Let’s use this data to break down key price levels.
Support is an area where prices have repeatedly found a floor while falling. Resistance is a price range where prices have repeatedly met resistance while rising.
Breaking through a level only means one side has the upper hand for now. How much further prices can move depends on the next key levels and whether the momentum can be sustained.
Leave some room when sizing your futures positions, so a single long wick doesn’t force you out of the market.
