Market Notes｜$PEPE ｜Breaks above the 0.0₅38 level
Definition: Support and resistance are really zones, not prices precise to the decimal point. It’s perfectly normal for prices to test the area repeatedly.
How to read it: Many people use key levels as anchors for risk management: which side of the level to enter on and where to place a stop-loss are more practical considerations than predicting whether prices will rise or fall.
With leveraged positions, first work out whether you can withstand the worst-case scenario, then consider what the signals are saying.
Definition: Support and resistance are really zones, not prices precise to the decimal point. It’s perfectly normal for prices to test the area repeatedly.
How to read it: Many people use key levels as anchors for risk management: which side of the level to enter on and where to place a stop-loss are more practical considerations than predicting whether prices will rise or fall.
With leveraged positions, first work out whether you can withstand the worst-case scenario, then consider what the signals are saying.