Just saw: $CYBER fell below the 0.3 level.
People keep asking what key price levels mean, so here's my take.
The longer it's been since this price was last reached, the more likely it is that positioning around this area has changed. The balance of bullish and bearish forces from back then may no longer be relevant.
The level itself doesn't determine direction. It's more a point where bulls and bears clash intensely, and ultimately, capital flows determine the direction.
Comparing several indicators is more reliable than looking at just one, but even more signals can't provide a definitive answer.
#CYBER
People keep asking what key price levels mean, so here's my take.
The longer it's been since this price was last reached, the more likely it is that positioning around this area has changed. The balance of bullish and bearish forces from back then may no longer be relevant.
The level itself doesn't determine direction. It's more a point where bulls and bears clash intensely, and ultimately, capital flows determine the direction.
Comparing several indicators is more reliable than looking at just one, but even more signals can't provide a definitive answer.
#CYBER
