$Q ｜Holding above the 0.047 level
Before considering position size, first understand the key price levels.
Common criteria for judging whether a breakdown is confirmed include: the close remains on the other side of the level, a retest fails to reclaim it, and trading volume picks up during the break.
The first rebound after losing a level is often seen as a test: rejection near the level makes the case for support turning into resistance more convincing.
Sizing your position based on the distance to your stop-loss is much steadier than placing trades by instinct.
#Q
Before considering position size, first understand the key price levels.
Common criteria for judging whether a breakdown is confirmed include: the close remains on the other side of the level, a retest fails to reclaim it, and trading volume picks up during the break.
The first rebound after losing a level is often seen as a test: rejection near the level makes the case for support turning into resistance more convincing.
Sizing your position based on the distance to your stop-loss is much steadier than placing trades by instinct.
#Q