$Q fell below the 0.12 level.
Everyone, why do round-number levels matter? Here’s the short version 👇
The more often a price level is tested, the more significance it tends to gain in people’s minds. But some argue that repeated tests can also use up the orders resting there.
It’s not unusual for prices to break through a level and then fall back, so many people prefer to wait for a confirmed close above it rather than chase the initial breakout.
With leveraged positions, first work out whether you can handle the worst-case scenario, then consider what the indicators say.
Everyone, why do round-number levels matter? Here’s the short version 👇
The more often a price level is tested, the more significance it tends to gain in people’s minds. But some argue that repeated tests can also use up the orders resting there.
It’s not unusual for prices to break through a level and then fall back, so many people prefer to wait for a confirmed close above it rather than chase the initial breakout.
With leveraged positions, first work out whether you can handle the worst-case scenario, then consider what the indicators say.