Chart notes | $BR | Fell below the 0.45 level (current price: 0.4502, now back above the level)
Definition: Common criteria for confirming a breakout include closing on the other side of the level, holding above it on a retest, and increased volume as price breaks through.
How to read it: Moving past a key level only shows that one side has the upper hand at that moment. How much further the move can go depends on the next key levels ahead and whether capital continues to flow in.
Sizing your order based on where you place your stop-loss is much more reliable than trading on instinct.
#BR
Definition: Common criteria for confirming a breakout include closing on the other side of the level, holding above it on a retest, and increased volume as price breaks through.
How to read it: Moving past a key level only shows that one side has the upper hand at that moment. How much further the move can go depends on the next key levels ahead and whether capital continues to flow in.
Sizing your order based on where you place your stop-loss is much more reliable than trading on instinct.
#BR