$SAND fell below the 0.06 level.
How was this number arrived at?
To judge whether a breakdown is genuine, common methods include checking whether the close is on the other side of the level, whether a retest fails to reclaim it, and whether trading volume confirms the breakout.
When price whipsaws back and forth around a key level, both sides can easily get stopped out repeatedly. Until the direction becomes clear, keeping your position size small is often a good approach.
If you’re using leverage, keep enough margin in your account so a single wick doesn’t wipe out your position.
#SAND
How was this number arrived at?
To judge whether a breakdown is genuine, common methods include checking whether the close is on the other side of the level, whether a retest fails to reclaim it, and whether trading volume confirms the breakout.
When price whipsaws back and forth around a key level, both sides can easily get stopped out repeatedly. Until the direction becomes clear, keeping your position size small is often a good approach.
If you’re using leverage, keep enough margin in your account so a single wick doesn’t wipe out your position.
#SAND