🐋 $TRUMP breaks through the 1.9 level.
A lot of stop-loss orders tend to cluster around key levels, so let’s first talk about why these levels can matter.
The longer it’s been since the price last reached this level, the more the distribution of positions around it is likely to have changed. The balance of bullish and bearish forces from back then may no longer hold.
Don’t place orders during the fastest-moving minutes. Wait for the candlestick to close before taking a look.
#TRUMP
These are just views for discussion; you assume all risk.
A lot of stop-loss orders tend to cluster around key levels, so let’s first talk about why these levels can matter.
The longer it’s been since the price last reached this level, the more the distribution of positions around it is likely to have changed. The balance of bullish and bearish forces from back then may no longer hold.
Don’t place orders during the fastest-moving minutes. Wait for the candlestick to close before taking a look.
#TRUMP
These are just views for discussion; you assume all risk.