$BTW ｜Breaking through the 1.7 level
How should you understand support and resistance? Large numbers of stop-loss orders tend to cluster around key levels. Once the price breaks through, these stops may be triggered all at once, often causing volatility to spike suddenly.
The first pullback after a breakout is often seen as a test: if the price holds above the level, the idea that resistance has turned into support is more likely to hold.
Don’t chase trades during the fastest-moving few minutes. Wait for the price to stabilize before taking a look.
#BTW
How should you understand support and resistance? Large numbers of stop-loss orders tend to cluster around key levels. Once the price breaks through, these stops may be triggered all at once, often causing volatility to spike suddenly.
The first pullback after a breakout is often seen as a test: if the price holds above the level, the idea that resistance has turned into support is more likely to hold.
Don’t chase trades during the fastest-moving few minutes. Wait for the price to stabilize before taking a look.
#BTW