$INJ breaks through the 8 mark.
Guys, why are round-number levels important? Here's the simple explanation 👇
A common rule of thumb is that resistance levels that are decisively broken often turn into support, while support levels that are decisively broken often become resistance.
Many people use these levels as reference points for managing position size: which side of the level to trade on and where to set a stop-loss are more practical considerations than predicting whether prices will rise or fall.
Don't place trades during the fastest-moving minutes. Wait for the price to settle before taking a closer look.
#INJ
Guys, why are round-number levels important? Here's the simple explanation 👇
A common rule of thumb is that resistance levels that are decisively broken often turn into support, while support levels that are decisively broken often become resistance.
Many people use these levels as reference points for managing position size: which side of the level to trade on and where to set a stop-loss are more practical considerations than predicting whether prices will rise or fall.
Don't place trades during the fastest-moving minutes. Wait for the price to settle before taking a closer look.
#INJ