** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Support at this level will not be beneficial. As there is a gap that MUST be filled around .225 if this gap is not filled we at some point would have to retrace again to fill it. Same as BTC around 9500ish. Will it last long at the .225? No absolutely not. I see a very fast long squeeze wicking down and filling. And bouncing right back up pushing us right back to the .33 resistance levels which there are quite a few right there.