El ALAB has already touched the AVWAP of the September 18 high 6 times. There is a principle in the markets: every time a support or resistance level is tested repeatedly, its effectiveness diminishes. With 6 touches accumulated, this AVWAP loses strength as a barrier. Traders operating at this level should be alert to a possible upcoming break.
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PumpBeforeRug
· 01-15 19:13
Six times? The breakout is right in front of us. Anyone still holding onto this position is just waiting to be crushed.
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WhaleWatcher
· 01-15 19:09
It's the 6th time already, is it really going to break this time? It feels like it's just been these past few days.
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CryptoHistoryClass
· 01-15 19:08
ah yeah, six touches... *checks notes* this is literally the tulip mania playbook. every time some level gets poked that many times, the boys who bought the dip at touch #3 are already gone. history doesn't repeat but it sure does rhyme, and this? this is just another verse we've memorized since dot-com.
El ALAB has already touched the AVWAP of the September 18 high 6 times. There is a principle in the markets: every time a support or resistance level is tested repeatedly, its effectiveness diminishes. With 6 touches accumulated, this AVWAP loses strength as a barrier. Traders operating at this level should be alert to a possible upcoming break.