$FIL ｜Holding above the 1.15 level
Before talking about capital flows, let’s first understand key round-number levels.
Previous highs and lows are commonly used reference prices. The memory of being turned back or of the price refusing to fall further at those levels last time can influence buying and selling when the price reaches them again.
The first pullback after a breakout is often seen as a test: if the price can stabilize above the level, the idea that resistance has turned into support becomes more convincing.
With leveraged positions, first consider whether you can withstand the worst-case scenario, then think about what the signal is telling you.
#FIL
Before talking about capital flows, let’s first understand key round-number levels.
Previous highs and lows are commonly used reference prices. The memory of being turned back or of the price refusing to fall further at those levels last time can influence buying and selling when the price reaches them again.
The first pullback after a breakout is often seen as a test: if the price can stabilize above the level, the idea that resistance has turned into support becomes more convincing.
With leveraged positions, first consider whether you can withstand the worst-case scenario, then think about what the signal is telling you.
#FIL