$OP broke below the 0.145 level.
I used to wonder why everyone watched round-number levels. Then I realized: there’s nothing special about the levels themselves. It’s just that everyone watches them and places stop-loss orders around them, so price tends to react more noticeably when it reaches these areas.
Breaking through a level only means that one side has the upper hand at that moment. Whether the move can continue depends on where the next key level is and whether trading volume can keep up.
Don’t chase trades during the most volatile minutes. Wait for the price action to play out before assessing it.
#OP
For reference only. Trade at your own risk.
I used to wonder why everyone watched round-number levels. Then I realized: there’s nothing special about the levels themselves. It’s just that everyone watches them and places stop-loss orders around them, so price tends to react more noticeably when it reaches these areas.
Breaking through a level only means that one side has the upper hand at that moment. Whether the move can continue depends on where the next key level is and whether trading volume can keep up.
Don’t chase trades during the most volatile minutes. Wait for the price action to play out before assessing it.
#OP
For reference only. Trade at your own risk.