🐋 $BTW breaks through the 2 level.
Large numbers of stop-loss orders often cluster around round-number levels, so let’s first understand how these levels can have an effect.
Previous highs and lows are commonly used reference prices: the fact that prices previously couldn’t rise above or fall below those levels often influences buying and selling when they return there.
Calculating position size based on stop-loss distance is far more reliable than placing trades by gut feel.
Large numbers of stop-loss orders often cluster around round-number levels, so let’s first understand how these levels can have an effect.
Previous highs and lows are commonly used reference prices: the fact that prices previously couldn’t rise above or fall below those levels often influences buying and selling when they return there.
Calculating position size based on stop-loss distance is far more reliable than placing trades by gut feel.