🐋 $BR has fallen below the 0.45 level.
There are often plenty of stop-loss orders clustered around round numbers, so let’s first talk about why key price levels matter.
The longer it’s been since the price last reached a given level, the more the positions around that area are likely to have changed. The balance of bullish and bearish forces at the time may no longer hold.
Leave your futures positions plenty of room—don’t let a single wick stop you out.
#BR
There are often plenty of stop-loss orders clustered around round numbers, so let’s first talk about why key price levels matter.
The longer it’s been since the price last reached a given level, the more the positions around that area are likely to have changed. The balance of bullish and bearish forces at the time may no longer hold.
Leave your futures positions plenty of room—don’t let a single wick stop you out.
#BR