$PONS broke through the 0.35 level.
Let’s use this number to talk about round-number levels.
The larger the number, the more people tend to watch it, even when it’s just a round-number level. Major milestones like 10,000 or 100,000 tend to attract more attention than ordinary round numbers.
Many people use these levels as anchors for position sizing: which side of the level they hold a position on and where they place their stop-loss can be more practical than trying to predict whether prices will rise or fall.
Keep enough margin for your futures positions so a single sharp wick doesn’t liquidate your trade.
Be mindful of the risks and make your own decisions.
Let’s use this number to talk about round-number levels.
The larger the number, the more people tend to watch it, even when it’s just a round-number level. Major milestones like 10,000 or 100,000 tend to attract more attention than ordinary round numbers.
Many people use these levels as anchors for position sizing: which side of the level they hold a position on and where they place their stop-loss can be more practical than trying to predict whether prices will rise or fall.
Keep enough margin for your futures positions so a single sharp wick doesn’t liquidate your trade.
Be mindful of the risks and make your own decisions.