$BR breaks through the 0.5 level.
A beginner’s key question: How are important price levels determined?
When it comes to round-number levels, the rounder the number, the more people tend to watch it. Major milestones such as whole thousands or hundreds of thousands usually attract more attention than ordinary round numbers.
The first rebound after a level is lost is often seen as a test: if price is rejected below that level, the idea that support has turned into resistance becomes more convincing.
Extreme readings are usually accompanied by sharper volatility. In those moments, it’s better to reduce leverage rather than increase your position.
#BR
A beginner’s key question: How are important price levels determined?
When it comes to round-number levels, the rounder the number, the more people tend to watch it. Major milestones such as whole thousands or hundreds of thousands usually attract more attention than ordinary round numbers.
The first rebound after a level is lost is often seen as a test: if price is rejected below that level, the idea that support has turned into resistance becomes more convincing.
Extreme readings are usually accompanied by sharper volatility. In those moments, it’s better to reduce leverage rather than increase your position.
#BR