$FET ｜Breaking through the 0.2 level
Before looking at fund flows, first understand round-number levels.
Common criteria for deciding whether a break below a level counts include: the close is on the other side of the level, a rebound fails to reclaim it, and trading volume increases as the price crosses it.
Volatility often increases around these levels. Leveraged traders should leave more room here, as stop-losses set too close to a round number can easily get triggered.
Leave plenty of room for leveraged positions, and don’t let a single long wick knock you out of your position.
Before looking at fund flows, first understand round-number levels.
Common criteria for deciding whether a break below a level counts include: the close is on the other side of the level, a rebound fails to reclaim it, and trading volume increases as the price crosses it.
Volatility often increases around these levels. Leveraged traders should leave more room here, as stop-losses set too close to a round number can easily get triggered.
Leave plenty of room for leveraged positions, and don’t let a single long wick knock you out of your position.