$BTW has fallen below the 1.9 level, with the current price at 1.8853.
Round-number levels aren't magical, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so bulls and bears often tussle back and forth.
The key is whether the rebound can reclaim 1.9. If it can't, that level turns from support into resistance. What do you think?
#BTW
This could be wrong too, so don't take it as advice.
Round-number levels aren't magical, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so bulls and bears often tussle back and forth.
The key is whether the rebound can reclaim 1.9. If it can't, that level turns from support into resistance. What do you think?
#BTW
This could be wrong too, so don't take it as advice.