$TRUTH ｜Breaking Through the 0.02 Level
Before discussing capital flows, first understand key price levels.
The more frequently a price level is tested, the more significant it usually becomes in traders’ minds. However, some believe that repeated tests instead deplete the resting orders at that level.
A level itself doesn’t determine whether prices rise or fall. Rather, it’s where the battle between bulls and bears is most concentrated; ultimately, capital flows determine the direction.
Unusual data is often accompanied by greater volatility. At such times, it’s better to reduce your position size rather than add to it.
#TRUTH
Before discussing capital flows, first understand key price levels.
The more frequently a price level is tested, the more significant it usually becomes in traders’ minds. However, some believe that repeated tests instead deplete the resting orders at that level.
A level itself doesn’t determine whether prices rise or fall. Rather, it’s where the battle between bulls and bears is most concentrated; ultimately, capital flows determine the direction.
Unusual data is often accompanied by greater volatility. At such times, it’s better to reduce your position size rather than add to it.
#TRUTH