$BTW breaks below the 1.85 level.
A lot of stop-loss orders tend to cluster around round numbers, so first understand why key price levels matter.
Common ways to judge whether a breakdown is valid include: the candle closes on the other side of the level, a retest fails to break back above it, and trading volume increases during the breakout.
Round-number levels carry different weight for different coins: many people watch major round-number levels for large-cap coins, while round numbers often matter much less for smaller coins.
Leave enough margin for your futures positions so a sudden price swing doesn't wipe them out.
I can be wrong too—don't take this as advice.
A lot of stop-loss orders tend to cluster around round numbers, so first understand why key price levels matter.
Common ways to judge whether a breakdown is valid include: the candle closes on the other side of the level, a retest fails to break back above it, and trading volume increases during the breakout.
Round-number levels carry different weight for different coins: many people watch major round-number levels for large-cap coins, while round numbers often matter much less for smaller coins.
Leave enough margin for your futures positions so a sudden price swing doesn't wipe them out.
I can be wrong too—don't take this as advice.