Indicator Notes｜$TA ｜Broke below the 0.11 level
First, the definitions: A support level is an area where prices have repeatedly stopped falling in the past. A resistance level is an area where prices have repeatedly failed to rise further.
Next, how to read it: When prices repeatedly cross above and below a key level, it’s easy to get whipsawed in either direction. Until the direction becomes clear, trading less may be the better approach.
Don’t place an order during the most volatile moment. Wait for the price to stabilize before deciding.
#TA
First, the definitions: A support level is an area where prices have repeatedly stopped falling in the past. A resistance level is an area where prices have repeatedly failed to rise further.
Next, how to read it: When prices repeatedly cross above and below a key level, it’s easy to get whipsawed in either direction. Until the direction becomes clear, trading less may be the better approach.
Don’t place an order during the most volatile moment. Wait for the price to stabilize before deciding.
#TA