$ARIA ｜Failed to hold the 0.21 level
How should support and resistance be understood? Previous highs and lows are the most common reference points: the memory of being turned back or supported at those levels last time often influences buying and selling when the price returns.
The first rebound after a breakdown is often seen as a test: the idea that support has turned into resistance is more convincing if the price is pushed back down near that level.
Don’t change your original plan because of a single indicator, and don’t use borrowed money to test a judgment.
How should support and resistance be understood? Previous highs and lows are the most common reference points: the memory of being turned back or supported at those levels last time often influences buying and selling when the price returns.
The first rebound after a breakdown is often seen as a test: the idea that support has turned into resistance is more convincing if the price is pushed back down near that level.
Don’t change your original plan because of a single indicator, and don’t use borrowed money to test a judgment.