$TRUTH ｜Breaking through the 0.017 level
How should you understand support and resistance? Whole-number levels attract attention because people tend to place orders and stop-losses around them, causing orders to cluster in those areas. These are also known as psychological levels.
Breaking through a level only means that one side has the upper hand for now. How much further the price can move depends on where the next level is and whether trading volume can keep up.
Don’t let a particular number throw off your rhythm, and don’t use borrowed money to test a hunch.
How should you understand support and resistance? Whole-number levels attract attention because people tend to place orders and stop-losses around them, causing orders to cluster in those areas. These are also known as psychological levels.
Breaking through a level only means that one side has the upper hand for now. How much further the price can move depends on where the next level is and whether trading volume can keep up.
Don’t let a particular number throw off your rhythm, and don’t use borrowed money to test a hunch.