$US has moved above the 0.0195 level.
Everyone, how are key price levels determined? Here’s a quick explanation👇
Support and resistance are more like price zones than prices precise to the last digit. It’s normal for prices to test these zones repeatedly.
Volatility often increases around key levels, so leveraged positions need more room here. If your stop-loss is set too close to a round number, it can easily get triggered in a quick sweep.
Unusual data is often accompanied by more intense volatility. At times like these, it’s better to reduce leverage rather than make a big bet.
#US
Use this for reference only. You’re responsible for your own gains and losses.
Everyone, how are key price levels determined? Here’s a quick explanation👇
Support and resistance are more like price zones than prices precise to the last digit. It’s normal for prices to test these zones repeatedly.
Volatility often increases around key levels, so leveraged positions need more room here. If your stop-loss is set too close to a round number, it can easily get triggered in a quick sweep.
Unusual data is often accompanied by more intense volatility. At times like these, it’s better to reduce leverage rather than make a big bet.
#US
Use this for reference only. You’re responsible for your own gains and losses.