$SOPH ｜Fell below the 0.0018 level
Before discussing capital flows, first understand the key price levels.
A support level is a price range where declines have repeatedly stalled; a resistance level is a range where rising prices have repeatedly been held back.
It’s common for prices to break through a level and then retreat, so many people wait for confirmation at the close rather than following the move as soon as the level is crossed.
Unusually low readings usually indicate more pronounced swings. That’s when you should reduce your position, not add to it.
Before discussing capital flows, first understand the key price levels.
A support level is a price range where declines have repeatedly stalled; a resistance level is a range where rising prices have repeatedly been held back.
It’s common for prices to break through a level and then retreat, so many people wait for confirmation at the close rather than following the move as soon as the level is crossed.
Unusually low readings usually indicate more pronounced swings. That’s when you should reduce your position, not add to it.