$DOS ｜The 0.2 level has been breached
Why do round-number levels matter? People pay attention to them because they often place orders and take-profit levels around round numbers, so orders tend to cluster there. These are also known as psychological levels.
When the price repeatedly crosses a level, both bulls and bears may get shaken out. It may be better to trade less until the direction becomes clear.
If you’re using leverage, keep extra margin in your account so a sudden price swing doesn’t wipe out your position.
#DOS
Why do round-number levels matter? People pay attention to them because they often place orders and take-profit levels around round numbers, so orders tend to cluster there. These are also known as psychological levels.
When the price repeatedly crosses a level, both bulls and bears may get shaken out. It may be better to trade less until the direction becomes clear.
If you’re using leverage, keep extra margin in your account so a sudden price swing doesn’t wipe out your position.
#DOS