🐋 $DOOD has moved above the 0.0029 level.
Levels often have a lot of orders clustered around them, so first understand why key price levels matter.
Common ways to confirm whether a breakdown is valid include: the price closes on the other side of the level, a retest fails to reclaim it, and volume picks up during the breakout.
Moving through a level only means one side has the upper hand at that moment. Whether the move continues depends on where the next level is and whether trading volume can keep up.
Sizing your position based on your stop-loss distance is much more reliable than choosing a position size by feel.
#DOOD
Levels often have a lot of orders clustered around them, so first understand why key price levels matter.
Common ways to confirm whether a breakdown is valid include: the price closes on the other side of the level, a retest fails to reclaim it, and volume picks up during the breakout.
Moving through a level only means one side has the upper hand at that moment. Whether the move continues depends on where the next level is and whether trading volume can keep up.
Sizing your position based on your stop-loss distance is much more reliable than choosing a position size by feel.
#DOOD