$XAN fell below the 0.011 level.
Let’s talk about what’s behind this number.
The more often a price level is tested, the more significant it tends to become in people’s minds. But some argue that repeated tests can also weaken the support there.
Many people use key levels as a reference for managing positions: which side of the level to trade on and where to place a stop-loss are more practical considerations than trying to guess the direction.
Unusual data often means greater volatility. In such cases, it’s better to reduce leverage rather than bet heavily.
#XAN
Let’s talk about what’s behind this number.
The more often a price level is tested, the more significant it tends to become in people’s minds. But some argue that repeated tests can also weaken the support there.
Many people use key levels as a reference for managing positions: which side of the level to trade on and where to place a stop-loss are more practical considerations than trying to guess the direction.
Unusual data often means greater volatility. In such cases, it’s better to reduce leverage rather than bet heavily.
#XAN
