$SIREN ｜Breaking through the 0.035 level
Before looking at position sizing, first understand psychological price levels.
A large number of stop-loss orders often cluster around these levels. Once the price moves past one, those stops are triggered all at once, and volatility can spike.
The first pullback after a breakout is often seen as a test: if the price can stabilize near the level, the idea that resistance has turned into support is more credible.
All data only describes past price movements; the market can move in the opposite direction at any time.
#SIREN
Before looking at position sizing, first understand psychological price levels.
A large number of stop-loss orders often cluster around these levels. Once the price moves past one, those stops are triggered all at once, and volatility can spike.
The first pullback after a breakout is often seen as a test: if the price can stabilize near the level, the idea that resistance has turned into support is more credible.
All data only describes past price movements; the market can move in the opposite direction at any time.
#SIREN