Technical Note | $ONE | Break Below the 0.00165 Level
Definition: One rule of thumb is that a resistance level that has been decisively broken often turns into support, while support that has genuinely been broken often turns into resistance.
Common interpretation: Many people use key levels as anchors for position management: which side of the level to take a position on and where to set a stop-loss are more practical considerations than predicting whether prices will rise or fall.
With leveraged positions, first consider whether you can withstand the worst-case scenario, then think about what the signal indicates.
Definition: One rule of thumb is that a resistance level that has been decisively broken often turns into support, while support that has genuinely been broken often turns into resistance.
Common interpretation: Many people use key levels as anchors for position management: which side of the level to take a position on and where to set a stop-loss are more practical considerations than predicting whether prices will rise or fall.
With leveraged positions, first consider whether you can withstand the worst-case scenario, then think about what the signal indicates.