$ZEC fell below the 1,200 level (current price: 1,205.04, now back above it), 4 days since it last reached this level.
Hey everyone, how are key price levels determined? Here’s the short version👇
A common rule of thumb: a resistance level that’s decisively broken often becomes support; a support level that’s truly broken often becomes resistance.
Price volatility often increases around key levels, so leveraged positions need more breathing room here. A stop-loss set too close to a round number can easily get triggered in a quick sweep.
The same data can mean very different things in different market conditions, so don’t blindly apply any single rule of thumb.
Stay calm and don’t get carried away.
Hey everyone, how are key price levels determined? Here’s the short version👇
A common rule of thumb: a resistance level that’s decisively broken often becomes support; a support level that’s truly broken often becomes resistance.
Price volatility often increases around key levels, so leveraged positions need more breathing room here. A stop-loss set too close to a round number can easily get triggered in a quick sweep.
The same data can mean very different things in different market conditions, so don’t blindly apply any single rule of thumb.
Stay calm and don’t get carried away.