$ZEREBRO fell below the 0.052 level, the first time it’s been here in 117 days.
A beginner’s question: how should I understand support and resistance?
Common ways to confirm a valid breakout include: closing on the other side of the level, failing to move back above it on a retest, and an increase in volume during the breakout.
On a candlestick chart, round-number levels are just ordinary numbers, but to people they’re psychological barriers.
Calculating position size based on the stop-loss distance is much more reliable than placing orders on a whim.
#ZEREBRO
A beginner’s question: how should I understand support and resistance?
Common ways to confirm a valid breakout include: closing on the other side of the level, failing to move back above it on a retest, and an increase in volume during the breakout.
On a candlestick chart, round-number levels are just ordinary numbers, but to people they’re psychological barriers.
Calculating position size based on the stop-loss distance is much more reliable than placing orders on a whim.
#ZEREBRO