đď¸ $INIT broke through the 0.15 level.
ăTerm explainedăHow do key price levels come about?
Previous highs and lows are common reference levels: the memory of prices failing to rise further or being supported at those levels last time often influences buying and selling when the price returns.
When the price returns to a level after a long time, people who entered around that level before may break even and sell or add to their positions, so trading activity often becomes more concentrated.
Leave enough margin for your contract positions. Donât let a single wick force you out of your position.
#INIT
ăTerm explainedăHow do key price levels come about?
Previous highs and lows are common reference levels: the memory of prices failing to rise further or being supported at those levels last time often influences buying and selling when the price returns.
When the price returns to a level after a long time, people who entered around that level before may break even and sell or add to their positions, so trading activity often becomes more concentrated.
Leave enough margin for your contract positions. Donât let a single wick force you out of your position.
#INIT