$GTC broke through the 0.2 level.
Guys, why do round-number levels matter? Here’s the short version👇
Common ways to confirm a breakout include: the price closes above the level, pulls back without falling below it, and trading volume increases as it breaks through.
It’s not uncommon for the price to break through a level and then fall back below it. That’s why many people wait for confirmation at the close rather than jumping in the moment it breaks through.
The same reading can mean very different things in different market conditions, so don’t blindly apply one rule of thumb.
#GTC
Guys, why do round-number levels matter? Here’s the short version👇
Common ways to confirm a breakout include: the price closes above the level, pulls back without falling below it, and trading volume increases as it breaks through.
It’s not uncommon for the price to break through a level and then fall back below it. That’s why many people wait for confirmation at the close rather than jumping in the moment it breaks through.
The same reading can mean very different things in different market conditions, so don’t blindly apply one rule of thumb.
#GTC
