$SQ - RC -
Added 2023-05-23 09:48:36 +0000 UTCI am rooting for $SQ to hold above the 200 Day MA on the 1hr chart, so far it is holding well but more strength will be needed to make sure it stays above this level.....again, when I mention holding, it means NOT GOING BELOW the support line at any stage, it has nothing to do with time, or end of day price, it means it can not go below that level, if it does go below the level, it means it is not holding and there is no way to guarantee that.
One of the ways we know when a price holds is when we see a bounce above the resistance line, it then comes back to retest the resistance line, if it can hold then it is becoming a support line, if it then bounces again, it means that the initial resistance line has been converted to a support line.
