$ESPORTS ｜Breaking through the 0.01 threshold
How are key price levels determined? The longer it has been since the price last reached a given level, the more the distribution of positions around that level may have changed, and past bullish and bearish forces may no longer apply.
Many people use key levels as anchors for position sizing: which side of the level to enter on and where to place a stop-loss are often more practical considerations than guessing the direction.
The same data can mean very different things in different market conditions, so don’t apply any single rule of thumb mechanically.
#ESPORTS
Just a note, not trading advice.
How are key price levels determined? The longer it has been since the price last reached a given level, the more the distribution of positions around that level may have changed, and past bullish and bearish forces may no longer apply.
Many people use key levels as anchors for position sizing: which side of the level to enter on and where to place a stop-loss are often more practical considerations than guessing the direction.
The same data can mean very different things in different market conditions, so don’t apply any single rule of thumb mechanically.
#ESPORTS
Just a note, not trading advice.