Taking note: $BIRB broke through the 0.15 level, 156 days since it last reached this point.
People often ask how to interpret key price levels. Here’s how I see it.
Support and resistance are really zones, not prices accurate to a particular decimal place. It’s normal for prices to test the area repeatedly.
Volatility often increases near key levels. With leveraged trades, it’s especially important to leave more room here; setting a stop-loss too close to a round-number level can get you stopped out easily.
Keep more margin for leveraged positions, and don’t let one sharp move wipe out your trade.
People often ask how to interpret key price levels. Here’s how I see it.
Support and resistance are really zones, not prices accurate to a particular decimal place. It’s normal for prices to test the area repeatedly.
Volatility often increases near key levels. With leveraged trades, it’s especially important to leave more room here; setting a stop-loss too close to a round-number level can get you stopped out easily.
Keep more margin for leveraged positions, and don’t let one sharp move wipe out your trade.