$JCT broke through the 0.0025 level.
Everyone, how should we understand support and resistance? Here's a quick explanation👇
A common rule of thumb is that a resistance level that has been decisively broken often turns into support, while a support level that has been decisively broken downward often turns into resistance.
A price level doesn't determine whether prices will rise or fall. It's simply an area where buyers and sellers tend to clash more intensely; the eventual direction depends on trading volume.
All data only describes price movements that have already happened. The market can turn in the opposite direction at any time.
#JCT
Everyone, how should we understand support and resistance? Here's a quick explanation👇
A common rule of thumb is that a resistance level that has been decisively broken often turns into support, while a support level that has been decisively broken downward often turns into resistance.
A price level doesn't determine whether prices will rise or fall. It's simply an area where buyers and sellers tend to clash more intensely; the eventual direction depends on trading volume.
All data only describes price movements that have already happened. The market can turn in the opposite direction at any time.
#JCT