$BARD broke through the 0.14 level.
When I first got into trading, I didn’t understand why everyone paid attention to round-number levels. Gradually, I figured it out: traders like to place limit orders and stop-losses around round numbers, so orders cluster there and buying and selling become more concentrated near those levels. Over time, they become psychological levels.
The first rebound after a break is often seen as a litmus test: if price is rejected below the level, the idea that support has turned into resistance becomes more convincing.
Calculating your position size based on where you place your stop-loss is much more reliable than just guessing.
#BARD
When I first got into trading, I didn’t understand why everyone paid attention to round-number levels. Gradually, I figured it out: traders like to place limit orders and stop-losses around round numbers, so orders cluster there and buying and selling become more concentrated near those levels. Over time, they become psychological levels.
The first rebound after a break is often seen as a litmus test: if price is rejected below the level, the idea that support has turned into resistance becomes more convincing.
Calculating your position size based on where you place your stop-loss is much more reliable than just guessing.
#BARD