🐋 $US has moved above the 0.033 level, 7 days since it last reached this point.
Large numbers of stop-loss orders tend to cluster around round-number levels, so let’s first talk about how key price levels can come into play.
Support is an area where the price has repeatedly found a floor during declines. Resistance is an area where the price has repeatedly struggled to rise past during rallies.
Don’t disrupt your original plan based on a single indicator, and never gamble borrowed money on a reading.
#US
Your views could be wrong at any time. Please manage your own risk.
Large numbers of stop-loss orders tend to cluster around round-number levels, so let’s first talk about how key price levels can come into play.
Support is an area where the price has repeatedly found a floor during declines. Resistance is an area where the price has repeatedly struggled to rise past during rallies.
Don’t disrupt your original plan based on a single indicator, and never gamble borrowed money on a reading.
#US
Your views could be wrong at any time. Please manage your own risk.