$XLM broke through the 0.16 level, just 5 days after it last reached this point.
Let’s use this figure to talk about round-number levels.
Common ways to judge whether a break is valid include: the close is on the other side of the level, a retest fails to break back through, and trading volume increases during the breakout.
Round-number levels mean different things for different coins: many people watch major round-number levels for top coins, while round numbers are usually much less significant for small-cap coins.
It’s far more reliable to work backward from where you’ll place your stop-loss to determine your position size than to trade on gut feeling.
Let’s use this figure to talk about round-number levels.
Common ways to judge whether a break is valid include: the close is on the other side of the level, a retest fails to break back through, and trading volume increases during the breakout.
Round-number levels mean different things for different coins: many people watch major round-number levels for top coins, while round numbers are usually much less significant for small-cap coins.
It’s far more reliable to work backward from where you’ll place your stop-loss to determine your position size than to trade on gut feeling.