📎 Data: $ZRO | Fell below the 1.6 level
· Definition: Support and resistance are actually price zones, not prices accurate to the last digit. It’s perfectly normal for prices to fluctuate back and forth within these zones.
· How to read it: It’s common for prices to break through a level and then retreat, so many people wait for confirmation at the candle close before treating the breakout as genuine, rather than chasing the price the moment it breaks through.
Any data describes price movements that have already happened; the market could move in the opposite direction at any time.
#ZRO
· Definition: Support and resistance are actually price zones, not prices accurate to the last digit. It’s perfectly normal for prices to fluctuate back and forth within these zones.
· How to read it: It’s common for prices to break through a level and then retreat, so many people wait for confirmation at the candle close before treating the breakout as genuine, rather than chasing the price the moment it breaks through.
Any data describes price movements that have already happened; the market could move in the opposite direction at any time.
#ZRO