$EVAA breaks through the 1.4 level.
Everyone, how are key price levels determined? Here’s the short version👇
One pattern is that a resistance level that’s decisively broken often becomes support later, while a support level that’s decisively broken often becomes resistance.
When the price returns to a level after many days, people who bought around that level before may get a chance to break even and exit, or add to their positions, so trading activity often becomes more concentrated.
Calculating your order size based on the distance to your stop-loss is much more reliable than just guessing your position size.
Everyone, how are key price levels determined? Here’s the short version👇
One pattern is that a resistance level that’s decisively broken often becomes support later, while a support level that’s decisively broken often becomes resistance.
When the price returns to a level after many days, people who bought around that level before may get a chance to break even and exit, or add to their positions, so trading activity often becomes more concentrated.
Calculating your order size based on the distance to your stop-loss is much more reliable than just guessing your position size.
