$BTW broke through the 2 level.
How did this number come about?
When it comes to round-number levels, the rounder the number, the more people usually watch it. Major levels such as whole tens of thousands or hundreds of thousands tend to attract more attention than ordinary round numbers.
When prices repeatedly cross above and below a key level, both bulls and bears can easily get stopped out repeatedly. Until the direction becomes clear, keeping your position small is often the better choice.
Don’t place an order at the most volatile moment. Wait for the candlestick to close and settle before deciding.
#BTW
How did this number come about?
When it comes to round-number levels, the rounder the number, the more people usually watch it. Major levels such as whole tens of thousands or hundreds of thousands tend to attract more attention than ordinary round numbers.
When prices repeatedly cross above and below a key level, both bulls and bears can easily get stopped out repeatedly. Until the direction becomes clear, keeping your position small is often the better choice.
Don’t place an order at the most volatile moment. Wait for the candlestick to close and settle before deciding.
#BTW