I do understand what you're saying. I'm not discounting it for the sake of argument. Yes, we always see ups and downs while we're trending up but just because there's a bit of a pull back doesn't mean the area we hit before pulling back is a 'resistance' area. Resistance is usually supported on a chart BEFORE a pull back. If tomorrow's trading see us hit .003 and maybe the day after and we still haven't broken .003 then yes, that will mark a new resistance point, but not today. One daily candle doesn't a resistance point define. Multiple daily candles stopping at a single point certainly does create the definition, whether as support or resistance, depending on the action.
I hope my comments aren't taken as argumentative. I'm honestly just trying to provide a viewpoint for others to consider rather than simply holding onto someone saying we're at resistance and then their buying/selling actions follow that sentiment. Hope that makes sense.
Everything I post is purely my opinion. I am not here to give advice or manage finances for anyone other than myself. Please do your own due diligence when considering investing or divesting yourself of any existing investment.
