Indicator Notes | $AKE | Breaking through the 0.004 level
Definition: One rule of thumb is that a resistance level that has been decisively broken often becomes support, while a support level that has been decisively broken often becomes resistance.
How to read it: A level itself does not determine whether prices rise or fall. It is more like an area where buyers and sellers clash intensely; the outcome depends on where the money flows.
Indicators can be wrong, so risk management is essential: think first about what you’ll do if your judgment is wrong—that matters more than guessing correctly.
#AKE
Definition: One rule of thumb is that a resistance level that has been decisively broken often becomes support, while a support level that has been decisively broken often becomes resistance.
How to read it: A level itself does not determine whether prices rise or fall. It is more like an area where buyers and sellers clash intensely; the outcome depends on where the money flows.
Indicators can be wrong, so risk management is essential: think first about what you’ll do if your judgment is wrong—that matters more than guessing correctly.
#AKE