Technical note | $ESPORTS | Losing the 0.01 level
First, a definition: Common ways to determine whether a break below a level is confirmed include closing on the other side of the level, failing to reclaim it on a retest, and a surge in trading volume during the break.
How to read it: Volatility often increases around key levels. Leveraged traders should leave themselves extra room here; placing a stop-loss too close to a round number makes it easy to get stopped out in a sudden move.
Extreme readings usually come with greater volatility. At times like these, it’s wiser to reduce your position rather than add to it.
First, a definition: Common ways to determine whether a break below a level is confirmed include closing on the other side of the level, failing to reclaim it on a retest, and a surge in trading volume during the break.
How to read it: Volatility often increases around key levels. Leveraged traders should leave themselves extra room here; placing a stop-loss too close to a round number makes it easy to get stopped out in a sudden move.
Extreme readings usually come with greater volatility. At times like these, it’s wiser to reduce your position rather than add to it.