Indicator Notes｜$ZEC ｜Fell below the 900 level
First, a definition: support and resistance are more like price zones than precise decimal-point levels. It’s normal for prices to move back and forth around them.
Next, how to read them: it’s not uncommon for prices to break through a level and then fall back, so many people wait for the candle to close before confirming a breakout rather than jumping in the moment it happens.
Learning to read indicators isn’t difficult. The hard part is sticking to the rules when the market gets very volatile.
Do your research before placing an order.
First, a definition: support and resistance are more like price zones than precise decimal-point levels. It’s normal for prices to move back and forth around them.
Next, how to read them: it’s not uncommon for prices to break through a level and then fall back, so many people wait for the candle to close before confirming a breakout rather than jumping in the moment it happens.
Learning to read indicators isn’t difficult. The hard part is sticking to the rules when the market gets very volatile.
Do your research before placing an order.
