The more often the resistance is approached, the greater the chance that it will be broken through with momentum. And until then, I think Iren is a good stock for day trading. Short and long in the range of the previous day 😉
@Darkwingduck It will work out in the long term! I only use the daily fights of buyers and sellers, as soon as it goes up again with a bang, I go long again
@TomTurboInvest The probability of being outperformed by momentum is correct. But doesn't the probability that support/resistance will become more stable as a result also increase? Unless there is massive volume? So the more often it is teased, the more stable?
@Aktienfox Yes and no, it depends again on the structure - we are now looking at chart formations as it runs towards the level combined with volume and candles body-wick ratio. This is almost too complex for a commentary, would be something for a separate post.
