$PONS breaks through the 0.35 level.
Everyone, why do round-number levels matter? Here’s a quick explanation 👇
Common ways to confirm a breakout include: the close is on the other side of the level, a pullback holds above it, and volume picks up during the move through.
When the price repeatedly crosses back and forth around a level, traders on both sides can easily get shaken out. Keeping your position small—or waiting until the direction is clear—may be the safer choice.
The same data can mean very different things in different market conditions, so don’t apply any single rule mechanically.
#PONS
Do your homework before making a move.
Everyone, why do round-number levels matter? Here’s a quick explanation 👇
Common ways to confirm a breakout include: the close is on the other side of the level, a pullback holds above it, and volume picks up during the move through.
When the price repeatedly crosses back and forth around a level, traders on both sides can easily get shaken out. Keeping your position small—or waiting until the direction is clear—may be the safer choice.
The same data can mean very different things in different market conditions, so don’t apply any single rule mechanically.
#PONS
Do your homework before making a move.