$CAP ｜Failed to hold the 0.07 level
How are key price levels determined? One pattern is that resistance levels that are decisively broken often become support levels, while support levels that are decisively breached often become resistance levels.
It’s common for prices to break through a level and then fall back, so many people wait for confirmation at the close before treating it as a breakout, rather than following the move the moment it happens.
Sizing your position based on where you place your stop-loss is much more reliable than going by feel.
#CAP
How are key price levels determined? One pattern is that resistance levels that are decisively broken often become support levels, while support levels that are decisively breached often become resistance levels.
It’s common for prices to break through a level and then fall back, so many people wait for confirmation at the close before treating it as a breakout, rather than following the move the moment it happens.
Sizing your position based on where you place your stop-loss is much more reliable than going by feel.
#CAP