$CAP fell below the 0.1 level.
A newcomer asks a genuine question: Where do key price levels come from?
The longer it’s been since the price last reached this level, the more the distribution of positions around it is likely to have changed. Past support and resistance may no longer hold.
To a candlestick chart, a price level is just a number; to people, it can be a big deal.
Don’t chase a trade during the most volatile moment. Wait for the candlestick to close before deciding.
#CAP
This is not investment advice of any kind. Invest at your own risk.
A newcomer asks a genuine question: Where do key price levels come from?
The longer it’s been since the price last reached this level, the more the distribution of positions around it is likely to have changed. Past support and resistance may no longer hold.
To a candlestick chart, a price level is just a number; to people, it can be a big deal.
Don’t chase a trade during the most volatile moment. Wait for the candlestick to close before deciding.
#CAP
This is not investment advice of any kind. Invest at your own risk.