$BTW ｜Breach of the 1.3 level
Why are round-number levels important? A common rule of thumb is that resistance levels that are decisively broken often become support, while support levels that are decisively broken often turn into resistance.
When the price returns to a level after several days, people who entered around that level earlier may use the opportunity to exit at breakeven or add to their positions, so trading activity usually picks up.
With leveraged positions, first work out whether you can withstand the worst-case outcome, then consider what the indicators are saying.
#BTW
Why are round-number levels important? A common rule of thumb is that resistance levels that are decisively broken often become support, while support levels that are decisively broken often turn into resistance.
When the price returns to a level after several days, people who entered around that level earlier may use the opportunity to exit at breakeven or add to their positions, so trading activity usually picks up.
With leveraged positions, first work out whether you can withstand the worst-case outcome, then consider what the indicators are saying.
#BTW