📎 Latest data: $AIOT ｜Broke below the 0.16 level
· What it is: A commonly cited principle is that a resistance level that has been decisively broken often later becomes support; a support level that has been decisively broken often later becomes resistance.
· Common interpretation: The first rebound after a break is often seen as a test: if price is pushed back down near the level, that lends support to the idea that support has turned into resistance.
Understanding this indicator is meant to keep you from being misled by a single number, not to predict price movements precisely.
· What it is: A commonly cited principle is that a resistance level that has been decisively broken often later becomes support; a support level that has been decisively broken often later becomes resistance.
· Common interpretation: The first rebound after a break is often seen as a test: if price is pushed back down near the level, that lends support to the idea that support has turned into resistance.
Understanding this indicator is meant to keep you from being misled by a single number, not to predict price movements precisely.