$AGT broke below the 0.07 level.
When I first got into the space, I couldn't understand why everyone was watching round-number levels. It took me a while to realize that there's nothing special about the levels themselves; it's just that everyone watches them and places stop-losses around them, so prices tend to react more strongly when they reach these areas.
It's common for prices to break through a level and then retreat, so many people wait for the candle to close and hold above it before taking the move seriously, rather than chasing the price the moment it breaks through.
Leave plenty of room when sizing your futures positions, so one sudden swing doesn't wipe you out.
#AGT
When I first got into the space, I couldn't understand why everyone was watching round-number levels. It took me a while to realize that there's nothing special about the levels themselves; it's just that everyone watches them and places stop-losses around them, so prices tend to react more strongly when they reach these areas.
It's common for prices to break through a level and then retreat, so many people wait for the candle to close and hold above it before taking the move seriously, rather than chasing the price the moment it breaks through.
Leave plenty of room when sizing your futures positions, so one sudden swing doesn't wipe you out.
#AGT