$GTC broke through the 0.3 level.
A beginner’s question: How are key price levels determined?
The more often a price level is tested, the more weight it tends to carry in traders’ minds. But some argue that repeated tests can actually weaken the orders resting there.
To prices, a level is just an ordinary number; to us, it’s a big deal.
All data merely summarizes past market movements, and prices could just as easily move in the opposite direction.
A beginner’s question: How are key price levels determined?
The more often a price level is tested, the more weight it tends to carry in traders’ minds. But some argue that repeated tests can actually weaken the orders resting there.
To prices, a level is just an ordinary number; to us, it’s a big deal.
All data merely summarizes past market movements, and prices could just as easily move in the opposite direction.