$OP broke through the 0.13 level.
Let’s use this number to talk about key price levels.
Support and resistance are really price zones, not prices precise to the last digit. It’s normal for prices to seesaw within these zones.
It’s not uncommon for prices to break through a level and then fall back, so many people wait for confirmation at the close rather than chasing the move the moment it breaks through.
Indicators can be wrong, but risk management shouldn’t be ignored: thinking in advance about what to do if you’re wrong is more important than predicting correctly.
Stay calm and manage your position size.
Let’s use this number to talk about key price levels.
Support and resistance are really price zones, not prices precise to the last digit. It’s normal for prices to seesaw within these zones.
It’s not uncommon for prices to break through a level and then fall back, so many people wait for confirmation at the close rather than chasing the move the moment it breaks through.
Indicators can be wrong, but risk management shouldn’t be ignored: thinking in advance about what to do if you’re wrong is more important than predicting correctly.
Stay calm and manage your position size.