$ZEREBRO ｜Broke below the 0.048 level
Before discussing position sizing, first understand round-number levels.
Previous highs and lows are commonly used key price levels. The memory of price being unable to rise further or fall further at these points often influences buying and selling when it returns to them.
Price swings often widen near these levels. Leveraged positions need more room here, and stop-losses set too close to a round-number level can easily get swept.
Learning to read indicators is easy; the hard part is still following the rules when emotions are running high.
#ZEREBRO
Before discussing position sizing, first understand round-number levels.
Previous highs and lows are commonly used key price levels. The memory of price being unable to rise further or fall further at these points often influences buying and selling when it returns to them.
Price swings often widen near these levels. Leveraged positions need more room here, and stop-losses set too close to a round-number level can easily get swept.
Learning to read indicators is easy; the hard part is still following the rules when emotions are running high.
#ZEREBRO