🐋 $Q has moved above the 0.145 level.
There are often plenty of stop-loss orders around round-number levels, so let’s first talk about how these levels can come into play.
The more often a price level is tested, the more weight traders tend to give it—but some believe repeated tests can also weaken the support there.
Many people use key levels as anchors for managing positions: which side of a level they’re on and where to place their stop-loss can be more practical than trying to predict the direction.
Learning to read indicators isn’t hard. The hard part is sticking to your plan when emotions are running high.
There are often plenty of stop-loss orders around round-number levels, so let’s first talk about how these levels can come into play.
The more often a price level is tested, the more weight traders tend to give it—but some believe repeated tests can also weaken the support there.
Many people use key levels as anchors for managing positions: which side of a level they’re on and where to place their stop-loss can be more practical than trying to predict the direction.
Learning to read indicators isn’t hard. The hard part is sticking to your plan when emotions are running high.