Why old support doesn't always hold twice
Educational commentary, not financial advice. This reflects the author's interpretation of publicly available information and is not a recommendation to trade.
A support level that held firmly last month can fail without warning the next time price approaches it. Support and resistance aren't fixed walls; they're zones shaped by the orders sitting near them at a given time.
As those orders get filled or cancelled, a level's strength genuinely changes — which is why treating any single level as guaranteed is a common early mistake.