$IDOL ｜Lost the 0.019 level
How are key price levels determined? A support level is an area where prices have repeatedly stopped falling. A resistance level is a price range where upward moves have repeatedly been blocked.
When prices move back and forth across a key level, both bulls and bears can easily get shaken out. It may be better to trade less—or not at all—until the direction becomes clear.
The same reading can mean completely different things in different market conditions, so don't blindly apply a single piece of experience.
#IDOL
Personal notes. Make your own trading decisions.
How are key price levels determined? A support level is an area where prices have repeatedly stopped falling. A resistance level is a price range where upward moves have repeatedly been blocked.
When prices move back and forth across a key level, both bulls and bears can easily get shaken out. It may be better to trade less—or not at all—until the direction becomes clear.
The same reading can mean completely different things in different market conditions, so don't blindly apply a single piece of experience.
#IDOL
Personal notes. Make your own trading decisions.