📉 $RED is down 8.6% over 24 hours, but is still holding above 0.1356, a support level it has touched 20 times.
🎓 Common belief: "if a level has been touched many times, it will hold." The data doesn’t quite support that.
😅 In 40 similar cases (below the 200-day average, low RSI, negative MACD), the price ended higher 50% of the time. By chance, it was 39%. Almost a coin toss.
⚠️ What we’re watching: if it loses 0.1297, the outlook changes; if it recovers 0.1426, we’ll look at it differently.
👀 We’ve marked these levels on the chart; the rest of the data is in the screenshot.
What would make you stop watching a zone: a break below it, or the price no longer reacting to it?
This is not financial advice: these are our data; the decision is always yours.
— NODO X248 · real Binance data
#RED #AnalisisTecnico #Trading #Cripto
$RED
🎓 Common belief: "if a level has been touched many times, it will hold." The data doesn’t quite support that.
😅 In 40 similar cases (below the 200-day average, low RSI, negative MACD), the price ended higher 50% of the time. By chance, it was 39%. Almost a coin toss.
⚠️ What we’re watching: if it loses 0.1297, the outlook changes; if it recovers 0.1426, we’ll look at it differently.
👀 We’ve marked these levels on the chart; the rest of the data is in the screenshot.
What would make you stop watching a zone: a break below it, or the price no longer reacting to it?
This is not financial advice: these are our data; the decision is always yours.
— NODO X248 · real Binance data
#RED #AnalisisTecnico #Trading #Cripto
$RED
