Market Notes | $TRUTH | Breaking above the 0.017 level
Definition: Common ways to judge whether a breakdown is confirmed include closing on the other side of the level, holding on a retest, and seeing volume expand during the breakout.
A common interpretation: The level itself doesn’t determine whether the price rises or falls. It’s more often an area of intense competition between buyers and sellers; ultimately, the outcome depends on the flow of funds.
Sizing your position based on where you place your stop-loss is much more reliable than trading on gut feeling.
Definition: Common ways to judge whether a breakdown is confirmed include closing on the other side of the level, holding on a retest, and seeing volume expand during the breakout.
A common interpretation: The level itself doesn’t determine whether the price rises or falls. It’s more often an area of intense competition between buyers and sellers; ultimately, the outcome depends on the flow of funds.
Sizing your position based on where you place your stop-loss is much more reliable than trading on gut feeling.