When opening an account, do you look first at the profit-loss ratio or the K-line position? This one—$B —doesn’t move decisively. The price was pushed down to 0.1866, falling 7.62%. Volume hit 12.17 million, but turnover was only 2.32 million. This shows that when it dropped, there really were people selling, but the buying strength wasn’t enough.
The key support is 0.1847, which is exactly the low of this candle. Whether it breaks or holds will determine if the move accelerates afterward or stalls into a range. For resistance, first look at 0.1950—this is the spot where price surged in the morning and then got slammed back. Only when it gets back above it can you say the bulls have actually taken action. The stop-loss suggestion should be placed below 0.1820. Take-profit: first aim at 0.1980 to grab a portion, and it’s also not impossible to bet for above 0.2032. Risking 50 points to get a profit of 100 to 170—whether it’s worth it, you decide.
Open your account and calculate for yourself whether this level is enough relative to the stop-loss position you set.
#B
The key support is 0.1847, which is exactly the low of this candle. Whether it breaks or holds will determine if the move accelerates afterward or stalls into a range. For resistance, first look at 0.1950—this is the spot where price surged in the morning and then got slammed back. Only when it gets back above it can you say the bulls have actually taken action. The stop-loss suggestion should be placed below 0.1820. Take-profit: first aim at 0.1980 to grab a portion, and it’s also not impossible to bet for above 0.2032. Risking 50 points to get a profit of 100 to 170—whether it’s worth it, you decide.
Open your account and calculate for yourself whether this level is enough relative to the stop-loss position you set.
#B