$SIREN broke through the 0.04 level.
Let’s use this number to take a closer look at round-number levels.
Support and resistance are more like price zones than precise prices to several decimal places, so it’s perfectly normal for prices to move back and forth within these zones.
When prices repeatedly cross above and below a key level, it’s easy to get shaken out on either side. It’s often better to sit tight until the direction becomes clear.
Don’t change your pace based on a single indicator, and don’t gamble on a particular view with borrowed money.
Personal notes only. Make your own trading decisions.
Let’s use this number to take a closer look at round-number levels.
Support and resistance are more like price zones than precise prices to several decimal places, so it’s perfectly normal for prices to move back and forth within these zones.
When prices repeatedly cross above and below a key level, it’s easy to get shaken out on either side. It’s often better to sit tight until the direction becomes clear.
Don’t change your pace based on a single indicator, and don’t gamble on a particular view with borrowed money.
Personal notes only. Make your own trading decisions.