$ENA ｜Falling below the 0.15 level
Before discussing capital flows, let’s first understand round-number levels.
The more frequently a price level is tested, the more significant it tends to become in people’s eyes. However, some believe that repeated tests can also weaken the support it provides.
The first pullback after a breakout is often seen as a test: if the price can hold near the level, the idea that resistance has turned into support is more convincing.
The same data can mean very different things in different market environments, so don’t blindly apply any single rule of thumb.
#ENA
Before discussing capital flows, let’s first understand round-number levels.
The more frequently a price level is tested, the more significant it tends to become in people’s eyes. However, some believe that repeated tests can also weaken the support it provides.
The first pullback after a breakout is often seen as a test: if the price can hold near the level, the idea that resistance has turned into support is more convincing.
The same data can mean very different things in different market environments, so don’t blindly apply any single rule of thumb.
#ENA