❗️ $INIT has fallen below the 0.2 level!
Don’t rush—first, understand round-number levels 👇
The more times a price level is tested, the more firmly it tends to stick in people’s minds; however, some believe that repeated tests can also weaken the support here.
Many people use key levels as an anchor for managing positions: which side of the level to hold a position on and where to set a stop-loss are more practical considerations than guessing the direction.
With leveraged trading, first work out whether you can withstand the worst-case scenario, then see what the indicators are saying.
#INIT
Don’t rush—first, understand round-number levels 👇
The more times a price level is tested, the more firmly it tends to stick in people’s minds; however, some believe that repeated tests can also weaken the support here.
Many people use key levels as an anchor for managing positions: which side of the level to hold a position on and where to set a stop-loss are more practical considerations than guessing the direction.
With leveraged trading, first work out whether you can withstand the worst-case scenario, then see what the indicators are saying.
#INIT