đ $TA fell below the 0.1 level.
ăQuick explainerăWhere do key price levels come from?
The longer itâs been since the price last reached this level, the more the positioning around it may have changed. The balance of bullish and bearish forces from the past may no longer hold.
Itâs not uncommon for prices to break through a level and then pull back, so many people prefer to wait for the candle to close before taking it seriously, rather than chasing the move as it breaks through.
The same reading can mean very different things in different market conditions, so donât apply any single rule of thumb blindly.
Stay calm and manage your position size.
ăQuick explainerăWhere do key price levels come from?
The longer itâs been since the price last reached this level, the more the positioning around it may have changed. The balance of bullish and bearish forces from the past may no longer hold.
Itâs not uncommon for prices to break through a level and then pull back, so many people prefer to wait for the candle to close before taking it seriously, rather than chasing the move as it breaks through.
The same reading can mean very different things in different market conditions, so donât apply any single rule of thumb blindly.
Stay calm and manage your position size.
