$BTW breaks through the 1.5 level.
Let’s use this number to unpack whole-number price levels.
Previous highs and lows are common key price levels: the memory of being turned back or of prices refusing to fall further at those points can influence buying and selling when the price returns.
The first rebound after a level is lost is often seen as a test: if the price is pushed back down below the level, the idea that support has turned into resistance becomes more convincing.
Indicators can fail, but stop-losses shouldn’t be absent: thinking in advance about what to do if you’re wrong matters more than guessing correctly.
#BTW
Let’s use this number to unpack whole-number price levels.
Previous highs and lows are common key price levels: the memory of being turned back or of prices refusing to fall further at those points can influence buying and selling when the price returns.
The first rebound after a level is lost is often seen as a test: if the price is pushed back down below the level, the idea that support has turned into resistance becomes more convincing.
Indicators can fail, but stop-losses shouldn’t be absent: thinking in advance about what to do if you’re wrong matters more than guessing correctly.
#BTW