$STRK lost the 0.1 level.
Beginner’s question: how do you understand support and resistance?
There are often a large number of stop-loss orders around key levels. If the price crosses the level, these stop-loss orders will be triggered together, and volatility often suddenly increases.
Breaking through a level only means one side has gained the upper hand at that moment. Whether the move can continue depends on where the next key level is and whether the funds can keep flowing.
Calculate order size by working backward from the stop-loss distance; it is much more reliable than setting position size by feel.
#STRK
Beginner’s question: how do you understand support and resistance?
There are often a large number of stop-loss orders around key levels. If the price crosses the level, these stop-loss orders will be triggered together, and volatility often suddenly increases.
Breaking through a level only means one side has gained the upper hand at that moment. Whether the move can continue depends on where the next key level is and whether the funds can keep flowing.
Calculate order size by working backward from the stop-loss distance; it is much more reliable than setting position size by feel.
#STRK