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Thursday, January 19, 2017 9:47:30 AM
All I'm saying is that it's been an area of interest for a while now.
Two time in recent history, SFOR climbed to $0.0056 and was rejected only to go lower for a brief period...
Similarly, it's dropped to that range and bounce...
It's a resistance/support line that has my interest.
SFOR has no shortage of similar areas on the chart.
Our current price is closer to this support line than any other so I'm watching it.
If it hits it, and appears to look ready for a bounce, I'll buy.
If it hits $0.0054/$0.0055 (which is clearly a bid/ask landscape below the $0.0056 support line) then I'll consider support broken and wait for the next support line in the $0.0040's.
I'm not saying it's going to fall...
I'm just outlining what I'm looking for.
For the record...if the bid/ask only never even gets close to $0.0056, and stays above $0.0057 I'll be happy and consider it a proven support line.
You don't have to hit a support line...you just have to fall and not cross below it.
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