🐋 $INJ has fallen below the 8 level.
A lot of orders tend to cluster around round numbers, so let’s first talk about how key price levels can matter.
Support and resistance are more like zones than precise prices, and it’s normal for prices to test these areas repeatedly.
It’s common for prices to break through a level and then fall back, so many people wait for confirmation at the close rather than jumping in the moment it’s crossed.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
This is for recording and sharing purposes only, not investment advice.
A lot of orders tend to cluster around round numbers, so let’s first talk about how key price levels can matter.
Support and resistance are more like zones than precise prices, and it’s normal for prices to test these areas repeatedly.
It’s common for prices to break through a level and then fall back, so many people wait for confirmation at the close rather than jumping in the moment it’s crossed.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
This is for recording and sharing purposes only, not investment advice.