Market Notes | $IDOL | Break through the 0.025 level
First, a definition: support and resistance are actually zones, not prices precise to the decimal point. It’s normal for prices to repeatedly test the area around them.
Next, how to read them: many people use these levels as references for risk management. Which side of a level you hold a position on and where you set your stop-loss are more practical considerations than guessing the direction.
Learning to read indicators isn’t difficult; the hard part is still following the rules when the market is extremely volatile.
#IDOL
First, a definition: support and resistance are actually zones, not prices precise to the decimal point. It’s normal for prices to repeatedly test the area around them.
Next, how to read them: many people use these levels as references for risk management. Which side of a level you hold a position on and where you set your stop-loss are more practical considerations than guessing the direction.
Learning to read indicators isn’t difficult; the hard part is still following the rules when the market is extremely volatile.
#IDOL