$ONE broke through the 0.0019 level.
A beginner asks: How should I understand support and resistance?
The more frequently a price level is tested, the more significant it tends to seem to market participants; however, some believe repeated tests can also weaken the buying interest there.
It’s common for prices to break through a level and then fall back below it. That’s why many people prefer to wait for the price to close and hold above the level before taking it seriously, rather than chasing the move the moment it breaks through.
Any indicator only summarizes what has already happened in the market, which could turn in the opposite direction at any time.
#ONE
A beginner asks: How should I understand support and resistance?
The more frequently a price level is tested, the more significant it tends to seem to market participants; however, some believe repeated tests can also weaken the buying interest there.
It’s common for prices to break through a level and then fall back below it. That’s why many people prefer to wait for the price to close and hold above the level before taking it seriously, rather than chasing the move the moment it breaks through.
Any indicator only summarizes what has already happened in the market, which could turn in the opposite direction at any time.
#ONE