Trading Notes｜$RSR ｜Breaking Through the 0.0015 Level
Definition: Round-number levels are important because traders like to place orders and stop-losses around them. Orders tend to cluster at these levels, which is why they are also called psychological levels.
A note on how to read this: When a price returns to a level after many days, people who bought around that level earlier may sell to break even or add to their positions, so trading activity often picks up.
With leveraged trading, first work out whether you can withstand the worst-case outcome, then consider what the signal is saying.
#RSR
Definition: Round-number levels are important because traders like to place orders and stop-losses around them. Orders tend to cluster at these levels, which is why they are also called psychological levels.
A note on how to read this: When a price returns to a level after many days, people who bought around that level earlier may sell to break even or add to their positions, so trading activity often picks up.
With leveraged trading, first work out whether you can withstand the worst-case outcome, then consider what the signal is saying.
#RSR