$BTW broke through the 1.8 level.
A newbie’s burning question: how should I understand support and resistance?
At the same integer levels, the bigger the number, the more people tend to watch it. Major milestones like round numbers in the tens of thousands or hundreds of thousands usually attract more attention than ordinary integers.
When the price repeatedly crosses back and forth around a level, both bulls and bears can easily get stopped out over and over. Before the direction becomes clear, keeping positions small is often the safer approach.
With leveraged positions, first work out whether you can withstand the worst-case scenario, then consider what the signals are saying.
#BTW
A newbie’s burning question: how should I understand support and resistance?
At the same integer levels, the bigger the number, the more people tend to watch it. Major milestones like round numbers in the tens of thousands or hundreds of thousands usually attract more attention than ordinary integers.
When the price repeatedly crosses back and forth around a level, both bulls and bears can easily get stopped out over and over. Before the direction becomes clear, keeping positions small is often the safer approach.
With leveraged positions, first work out whether you can withstand the worst-case scenario, then consider what the signals are saying.
#BTW