$EPIC ｜Losing the 0.3 level
Before looking at your position, first understand round-number levels.
A commonly cited pattern is that resistance levels that are truly broken often turn into support, while support levels decisively broken below often become resistance going forward.
The first rebound after a breakdown is often seen as a litmus test: if price is rejected near the level, the idea that support has turned into resistance is more convincing.
Don’t chase trades during the most volatile few minutes. Wait for the candlestick to close and settle before taking a look.
Before looking at your position, first understand round-number levels.
A commonly cited pattern is that resistance levels that are truly broken often turn into support, while support levels decisively broken below often become resistance going forward.
The first rebound after a breakdown is often seen as a litmus test: if price is rejected near the level, the idea that support has turned into resistance is more convincing.
Don’t chase trades during the most volatile few minutes. Wait for the candlestick to close and settle before taking a look.