Technical Note｜$BAT ｜Breaking through the 0.14 level
First, the definition: Common criteria for confirming whether a breakdown is valid include closing on the other side of the level, failing to reclaim it on a rebound, and an increase in volume during the breakout.
Next, how to read it: When the price repeatedly crosses back and forth around a key level, both sides can easily get stopped out. Staying on the sidelines until the direction becomes clear is often the safer approach.
Unusual data usually signals greater volatility. At times like these, it’s better to reduce leverage rather than make a large bet.
#BAT
For discussion purposes only. Trade at your own risk.
First, the definition: Common criteria for confirming whether a breakdown is valid include closing on the other side of the level, failing to reclaim it on a rebound, and an increase in volume during the breakout.
Next, how to read it: When the price repeatedly crosses back and forth around a key level, both sides can easily get stopped out. Staying on the sidelines until the direction becomes clear is often the safer approach.
Unusual data usually signals greater volatility. At times like these, it’s better to reduce leverage rather than make a large bet.
#BAT
For discussion purposes only. Trade at your own risk.