$USELESS lost the 0.14 level.
How is this figure calculated?
Support and resistance are actually zones, not prices precise to the last digit, so it’s perfectly normal for prices to fluctuate back and forth nearby.
The first rebound after a breach is often seen as a litmus test: if the price is pushed back down below the level, the idea that support has turned into resistance becomes more convincing.
The purpose of understanding an indicator is to avoid being misled by a single number, not to use it to predict whether prices will rise or fall.
#USELESS
How is this figure calculated?
Support and resistance are actually zones, not prices precise to the last digit, so it’s perfectly normal for prices to fluctuate back and forth nearby.
The first rebound after a breach is often seen as a litmus test: if the price is pushed back down below the level, the idea that support has turned into resistance becomes more convincing.
The purpose of understanding an indicator is to avoid being misled by a single number, not to use it to predict whether prices will rise or fall.
#USELESS