$TRUTH ｜Breaking through the 0.018 threshold
How are key price levels determined? The more often a price level is tested, the more significant it tends to become in everyone’s eyes. However, some say repeated tests can also thin out the orders resting at that level.
Volatility can increase around key levels, so leveraged traders should be especially cautious and leave themselves plenty of room. Setting a stop-loss too close to a round number can easily result in being stopped out.
The point of understanding an indicator is to avoid being swayed by a single number—not to use it to predict price movements precisely.
#TRUTH
How are key price levels determined? The more often a price level is tested, the more significant it tends to become in everyone’s eyes. However, some say repeated tests can also thin out the orders resting at that level.
Volatility can increase around key levels, so leveraged traders should be especially cautious and leave themselves plenty of room. Setting a stop-loss too close to a round number can easily result in being stopped out.
The point of understanding an indicator is to avoid being swayed by a single number—not to use it to predict price movements precisely.
#TRUTH