$PONS breaks through the 0.3 level.
Let’s use this number to talk about key price levels.
A support level is an area where the price has held up repeatedly during declines. A resistance level is an area where the price has repeatedly stalled during rises.
Volatility often increases near these levels, so leveraged positions need more room here. If your stop-loss is set too close to a round number, it can easily get swept out.
With leveraged positions, first work out whether you can withstand the worst-case outcome, then consider what the signals are saying.
Let’s use this number to talk about key price levels.
A support level is an area where the price has held up repeatedly during declines. A resistance level is an area where the price has repeatedly stalled during rises.
Volatility often increases near these levels, so leveraged positions need more room here. If your stop-loss is set too close to a round number, it can easily get swept out.
With leveraged positions, first work out whether you can withstand the worst-case outcome, then consider what the signals are saying.