Market Notes｜$ZEREBRO ｜Breaks below the 0.047 level
First, the definition: Common criteria for deciding whether a breakout is valid include closing on the other side of the level, holding on a retest, and seeing volume pick up during the breakout.
Next, how to read it: Volatility often increases near key levels, so leveraged traders should leave more room here. If your stop-loss is set too close to a round number, it can easily get triggered in a quick move.
The same reading can mean completely different things in different market conditions, so don’t apply any single rule mechanically.
First, the definition: Common criteria for deciding whether a breakout is valid include closing on the other side of the level, holding on a retest, and seeing volume pick up during the breakout.
Next, how to read it: Volatility often increases near key levels, so leveraged traders should leave more room here. If your stop-loss is set too close to a round number, it can easily get triggered in a quick move.
The same reading can mean completely different things in different market conditions, so don’t apply any single rule mechanically.