$ZRO has lost the 1.8 level.
Let’s talk about what lies behind this number.
The more often a price level is tested, the more weight it usually carries in traders’ minds. But repeated tests may also exhaust the buying support there.
The first pullback after a breakout is often seen as a test: holding steady above the level would make the case for resistance turning into support more convincing.
Leave some room when using leverage, and don’t let a single wick stop you out.
Let’s talk about what lies behind this number.
The more often a price level is tested, the more weight it usually carries in traders’ minds. But repeated tests may also exhaust the buying support there.
The first pullback after a breakout is often seen as a test: holding steady above the level would make the case for resistance turning into support more convincing.
Leave some room when using leverage, and don’t let a single wick stop you out.