$APR broke through the 0.08 level.
When I first got into the space, I didn’t understand why everyone was watching round-number levels. It took me a while to get it: there’s nothing special about the levels themselves—it’s because everyone is watching them and placing stop-losses around them, so price tends to react more strongly when it gets there.
It’s common for price to break through a level and then fall back, so many people prefer to wait for the candle to close for confirmation rather than chase the move the moment it breaks through.
Leave extra margin for your futures positions. Don’t let a single wick liquidate you.
#APR
DYOR. Trade responsibly.
When I first got into the space, I didn’t understand why everyone was watching round-number levels. It took me a while to get it: there’s nothing special about the levels themselves—it’s because everyone is watching them and placing stop-losses around them, so price tends to react more strongly when it gets there.
It’s common for price to break through a level and then fall back, so many people prefer to wait for the candle to close for confirmation rather than chase the move the moment it breaks through.
Leave extra margin for your futures positions. Don’t let a single wick liquidate you.
#APR
DYOR. Trade responsibly.