๐ $BTW moves above the 1.95 level.
A lot of orders tend to cluster around round-number levels, so letโs first understand how these levels can come into play.
Previous highs and lows are common key price levels: the memory of having failed to rise past a level or having been supported there last time can influence decisions when the price returns to it.
Comparing several indicators is more reliable than looking at just one, but even more signals canโt provide a definitive answer.
A lot of orders tend to cluster around round-number levels, so letโs first understand how these levels can come into play.
Previous highs and lows are common key price levels: the memory of having failed to rise past a level or having been supported there last time can influence decisions when the price returns to it.
Comparing several indicators is more reliable than looking at just one, but even more signals canโt provide a definitive answer.