$US breaks through the 0.017 level.
A beginner asks the key question: Where do key price levels come from?
Previous highs and lows are the most commonly used reference points. The fact that price couldn’t rise further or fall any lower at these levels before can influence decisions when it returns to them.
The first pullback after a breakout is often seen as a test: If the price can hold above the level, the case for resistance turning into support becomes stronger.
With leveraged positions, first consider whether you can withstand the worst-case outcome, then think about what the signal is telling you.
#US
Markets involve risk. Trade with caution.
A beginner asks the key question: Where do key price levels come from?
Previous highs and lows are the most commonly used reference points. The fact that price couldn’t rise further or fall any lower at these levels before can influence decisions when it returns to them.
The first pullback after a breakout is often seen as a test: If the price can hold above the level, the case for resistance turning into support becomes stronger.
With leveraged positions, first consider whether you can withstand the worst-case outcome, then think about what the signal is telling you.
#US
Markets involve risk. Trade with caution.