Technical Note | $AIN | Fails to hold the 0.15 level
Definition: A support level is an area where prices have repeatedly found a floor as they fall. A resistance level is an area where prices have repeatedly struggled to rise above.
A note on how to read them: Many people use these levels as anchors for position sizing: which side of a level to trade on and where to set a stop-loss are more practical considerations than predicting whether prices will rise or fall.
Unusual data often comes with sharper volatility. In such situations, it’s even more important to reduce leverage rather than place a large bet.
The above is for informational purposes only and does not constitute investment advice.
Definition: A support level is an area where prices have repeatedly found a floor as they fall. A resistance level is an area where prices have repeatedly struggled to rise above.
A note on how to read them: Many people use these levels as anchors for position sizing: which side of a level to trade on and where to set a stop-loss are more practical considerations than predicting whether prices will rise or fall.
Unusual data often comes with sharper volatility. In such situations, it’s even more important to reduce leverage rather than place a large bet.
The above is for informational purposes only and does not constitute investment advice.
