Technical Notes | $MAGMA | Lost the 0.35 Level
Definition: The longer it has been since the price last reached this level, the more likely the positioning around it has changed. The support or resistance from back then may no longer be relevant.
How to read it: The level itself does not determine whether prices rise or fall. It is more like the point where buyers and sellers clash most fiercely; the outcome is determined by capital flows.
Learning to read indicators is not hard. The hard part is sticking to your plan when emotions are running high.
Definition: The longer it has been since the price last reached this level, the more likely the positioning around it has changed. The support or resistance from back then may no longer be relevant.
How to read it: The level itself does not determine whether prices rise or fall. It is more like the point where buyers and sellers clash most fiercely; the outcome is determined by capital flows.
Learning to read indicators is not hard. The hard part is sticking to your plan when emotions are running high.
