🐋 $BTW breaks through the 1.7 level.
Large numbers of stop-loss orders tend to cluster around round-number levels, so first understand why key price levels matter.
Common ways to confirm whether a breakout is valid include: the close is on the other side of the level, a pullback fails to cross back below it, and trading volume picks up during the breakout.
Volatility often increases around key levels, so leveraged traders should leave more room here. Stop-losses placed too close to round-number levels can easily get triggered.
Sizing your position based on the stop-loss distance is much more reliable than just guessing.
Large numbers of stop-loss orders tend to cluster around round-number levels, so first understand why key price levels matter.
Common ways to confirm whether a breakout is valid include: the close is on the other side of the level, a pullback fails to cross back below it, and trading volume picks up during the breakout.
Volatility often increases around key levels, so leveraged traders should leave more room here. Stop-losses placed too close to round-number levels can easily get triggered.
Sizing your position based on the stop-loss distance is much more reliable than just guessing.