Market Notes | $ELSA | Breaks above the 0.085 level
First, a definition: The more often a price level is tested, the more weight it tends to carry in traders’ eyes. However, some believe that repeated tests may instead weaken the support there.
A common interpretation: Breaking through a level only shows that one side has the upper hand at that moment. Whether the move can continue depends on where the next levels lie and whether capital can keep flowing in.
Keep enough margin for leveraged positions—don’t let a single wick force you out of a trade.
#ELSA
First, a definition: The more often a price level is tested, the more weight it tends to carry in traders’ eyes. However, some believe that repeated tests may instead weaken the support there.
A common interpretation: Breaking through a level only shows that one side has the upper hand at that moment. Whether the move can continue depends on where the next levels lie and whether capital can keep flowing in.
Keep enough margin for leveraged positions—don’t let a single wick force you out of a trade.
#ELSA