🧭 $US fell below the 0.02 level.
【A quick explainer】What do support and resistance mean?
A lot of stop-loss orders tend to cluster around key levels. Once the price breaks through, these stops can be triggered all at once, often causing volatility to spike.
Breaking through a key level only means one side has the upper hand at that moment. How much farther the price can move depends on the next key level ahead and whether momentum can be sustained by incoming funds.
Sizing your position based on the distance to your stop-loss is much more reliable than guessing.
#US
This is compiled from publicly available information. Please refer to the original text.
【A quick explainer】What do support and resistance mean?
A lot of stop-loss orders tend to cluster around key levels. Once the price breaks through, these stops can be triggered all at once, often causing volatility to spike.
Breaking through a key level only means one side has the upper hand at that moment. How much farther the price can move depends on the next key level ahead and whether momentum can be sustained by incoming funds.
Sizing your position based on the distance to your stop-loss is much more reliable than guessing.
#US
This is compiled from publicly available information. Please refer to the original text.