$ZEC ｜Breaking through the 1300 level
Before looking at position sizing, understand the key price levels.
Previous highs and lows are the most common key price levels. The fact that the price was turned back or supported here last time can influence decisions when it returns to this level.
When the price repeatedly swings back and forth around a key level, both bulls and bears may get shaken out. Before the direction becomes clear, keeping positions small is often the more prudent choice.
It’s safer to look for confirmation from several indicators than to rely on just one, but even more indicators can’t provide a definitive answer.
#ZEC
Before looking at position sizing, understand the key price levels.
Previous highs and lows are the most common key price levels. The fact that the price was turned back or supported here last time can influence decisions when it returns to this level.
When the price repeatedly swings back and forth around a key level, both bulls and bears may get shaken out. Before the direction becomes clear, keeping positions small is often the more prudent choice.
It’s safer to look for confirmation from several indicators than to rely on just one, but even more indicators can’t provide a definitive answer.
#ZEC