๐ $BTC moves above the 78000 level.
Round-number levels tend to attract a lot of orders, so letโs first understand why they matter.
Common ways to judge whether a break below a level is genuine include: closing on the other side of the level, failing to reclaim it on a retest, and seeing volume pick up during the breakout.
Sizing your position based on the stop-loss distance is far more reliable than placing trades on a whim.
Round-number levels tend to attract a lot of orders, so letโs first understand why they matter.
Common ways to judge whether a break below a level is genuine include: closing on the other side of the level, failing to reclaim it on a retest, and seeing volume pick up during the breakout.
Sizing your position based on the stop-loss distance is far more reliable than placing trades on a whim.