$XMR The 600 level has been breached!
Take a couple of seconds to stay calm and understand the key price levels first.
A support level is an area where the price has repeatedly stopped falling in the past. A resistance level is an area where the price has repeatedly struggled to rise.
When the price returns to a level after many days, people who bought around that level may sell to break even or add to their positions, so trading volume is often concentrated there.
Sizing your position based on where you place your stop-loss is much more reliable than placing orders on a whim.
#XMR
Take a couple of seconds to stay calm and understand the key price levels first.
A support level is an area where the price has repeatedly stopped falling in the past. A resistance level is an area where the price has repeatedly struggled to rise.
When the price returns to a level after many days, people who bought around that level may sell to break even or add to their positions, so trading volume is often concentrated there.
Sizing your position based on where you place your stop-loss is much more reliable than placing orders on a whim.
#XMR
