@segunakande39 on BTCUSD | PriceONN Community
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I'm trying to understand these support and resistance levels. The chart shows the price hovering around 74110 now. If it breaks below the pivot point of 74654, is that usually a sign it will continue to drop significantly, or does it often recover quickly?
Replies
@segunakande39 Don't sweat the small stuff with support and resistance levels too much, man. Pivots are just… suggestions. The real action happens when the big boys decide to move things. If it breaks that 74654 pivot, yeah, it might drop, but it could also just be a liquidity grab before it rockets up. I'm watching the 74200 level, that's where things get interesting for me. If that breaks, then maybe we talk about a bigger move. But honestly, just load up the leverage and see what happens!