Latest data: $BTW | Break above the 1.6 level
Definition: Many stop-loss orders tend to cluster around key levels. Once the price moves past one, those stops are triggered together, often causing volatility to spike.
A common interpretation: The first rebound after a break below a level is often seen as a test. If the price is pushed back down below the level, that lends more credence to the idea that support has turned into resistance.
Don’t chase trades during the most volatile minutes. Wait for the candlestick to close before deciding.
#BTW
Definition: Many stop-loss orders tend to cluster around key levels. Once the price moves past one, those stops are triggered together, often causing volatility to spike.
A common interpretation: The first rebound after a break below a level is often seen as a test. If the price is pushed back down below the level, that lends more credence to the idea that support has turned into resistance.
Don’t chase trades during the most volatile minutes. Wait for the candlestick to close before deciding.
#BTW