$ONE broke through the 0.0015 level.
A beginner’s question: How should I understand support and resistance?
For round-number levels, the larger the number, the more people tend to pay attention. For example, major milestones like 10,000 or 100,000 attract more attention than ordinary round numbers.
It’s not uncommon for prices to break through a level and then fall back, so many people prefer to wait for the candle to close and hold above it before considering the breakout confirmed, rather than chasing the price the moment it breaks through.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
#ONE
A beginner’s question: How should I understand support and resistance?
For round-number levels, the larger the number, the more people tend to pay attention. For example, major milestones like 10,000 or 100,000 attract more attention than ordinary round numbers.
It’s not uncommon for prices to break through a level and then fall back, so many people prefer to wait for the candle to close and hold above it before considering the breakout confirmed, rather than chasing the price the moment it breaks through.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
#ONE
