$BTW has fallen below the 2.4 threshold.
Let’s look at what lies behind this number.
A support level is a price range where a falling price has repeatedly found a floor. A resistance level is a price range where a rising price has repeatedly encountered obstacles.
Many people use these levels as reference points for risk management: which side of a level to hold a position on and where to place a stop-loss is more practical than predicting the direction.
Unusually low readings often come with more severe volatility. At times like these, it’s better to reduce your position rather than add to it.
Let’s look at what lies behind this number.
A support level is a price range where a falling price has repeatedly found a floor. A resistance level is a price range where a rising price has repeatedly encountered obstacles.
Many people use these levels as reference points for risk management: which side of a level to hold a position on and where to place a stop-loss is more practical than predicting the direction.
Unusually low readings often come with more severe volatility. At times like these, it’s better to reduce your position rather than add to it.