$BTW breaks through the 2 level.
When I first got into the market, I couldn’t understand why everyone watched round-number levels so closely. It gradually dawned on me: traders tend to place orders and stop-losses around round numbers, so orders cluster in these areas and trading activity becomes more concentrated. Over time, they turn into psychological levels.
The first pullback after a breakout is often seen as a test: if the price can hold above the level, the idea that resistance has turned into support is more convincing.
With leveraged trading, first consider whether you can bear the worst-case outcome, then think about what the signal is telling you.
#BTW
When I first got into the market, I couldn’t understand why everyone watched round-number levels so closely. It gradually dawned on me: traders tend to place orders and stop-losses around round numbers, so orders cluster in these areas and trading activity becomes more concentrated. Over time, they turn into psychological levels.
The first pullback after a breakout is often seen as a test: if the price can hold above the level, the idea that resistance has turned into support is more convincing.
With leveraged trading, first consider whether you can bear the worst-case outcome, then think about what the signal is telling you.
#BTW