$SOXLB ｜Breaking through the 45 level
Before looking at fund flows, first understand the key price levels.
A support level is an area where the price has repeatedly stopped falling in the past. A resistance level is an area where the price has repeatedly been held back on the way up.
The first pullback after a breakout is often seen as a litmus test: if the price can hold above the level, the idea that resistance has turned into support becomes more convincing.
Don’t change your original plan based on a single number, and never gamble on a prediction with borrowed money.
Just my personal opinion—don’t take it too seriously.
Before looking at fund flows, first understand the key price levels.
A support level is an area where the price has repeatedly stopped falling in the past. A resistance level is an area where the price has repeatedly been held back on the way up.
The first pullback after a breakout is often seen as a litmus test: if the price can hold above the level, the idea that resistance has turned into support becomes more convincing.
Don’t change your original plan based on a single number, and never gamble on a prediction with borrowed money.
Just my personal opinion—don’t take it too seriously.
