$KGEN ｜Breaking through the 0.1 level
How should you understand support and resistance? The more times a price level is tested, the more significant it tends to become in traders’ minds. However, some argue that repeated tests may instead deplete the orders resting there.
It’s common for prices to break through a level and then pull back, so many people prefer to wait for the candle to close and hold above it before taking the move seriously, rather than chasing the price the moment it breaks through.
With leveraged trading, first consider whether you can withstand the worst-case scenario, and only then think about what the indicators are saying.
How should you understand support and resistance? The more times a price level is tested, the more significant it tends to become in traders’ minds. However, some argue that repeated tests may instead deplete the orders resting there.
It’s common for prices to break through a level and then pull back, so many people prefer to wait for the candle to close and hold above it before taking the move seriously, rather than chasing the price the moment it breaks through.
With leveraged trading, first consider whether you can withstand the worst-case scenario, and only then think about what the indicators are saying.