🐋 $WLD fell below the 0.49 level.
A large number of stop-loss orders often cluster around key levels, so let's first understand how these price levels work.
A support level is an area where the price has repeatedly stopped falling, while a resistance level is a price range that the price has repeatedly failed to rise above.
Calculating your position size based on where you place your stop-loss is much more reliable than just guessing.
#WLD
Be aware of the risks and make your own decisions.
A large number of stop-loss orders often cluster around key levels, so let's first understand how these price levels work.
A support level is an area where the price has repeatedly stopped falling, while a resistance level is a price range that the price has repeatedly failed to rise above.
Calculating your position size based on where you place your stop-loss is much more reliable than just guessing.
#WLD
Be aware of the risks and make your own decisions.