$PIEVERSE ｜Lost the 1.8 level
How should we understand support and resistance? One rule of thumb: a resistance level that is decisively broken often becomes support going forward; a support level that is decisively broken to the downside often turns into resistance.
Round-number levels mean different things for different coins: more people pay attention to major round-number levels for leading coins, while round numbers tend to be much less useful as reference points for small-cap coins.
Cross-checking several indicators is more reliable than looking at just one, but even more signals can’t provide a definitive answer.
How should we understand support and resistance? One rule of thumb: a resistance level that is decisively broken often becomes support going forward; a support level that is decisively broken to the downside often turns into resistance.
Round-number levels mean different things for different coins: more people pay attention to major round-number levels for leading coins, while round numbers tend to be much less useful as reference points for small-cap coins.
Cross-checking several indicators is more reliable than looking at just one, but even more signals can’t provide a definitive answer.