$APR fell below the 0.04 level.
Let’s use this figure to talk about key price levels.
A common rule of thumb is that a resistance level that’s decisively broken often turns into support, while a support level that’s decisively broken often turns into resistance.
Price swings often widen near key levels, so leveraged traders need to leave more room here. Placing a stop-loss too close to a round number can easily get you stopped out.
It’s much more reliable to work backward from where you place your stop-loss to determine your position size than to just guess.
Let’s use this figure to talk about key price levels.
A common rule of thumb is that a resistance level that’s decisively broken often turns into support, while a support level that’s decisively broken often turns into resistance.
Price swings often widen near key levels, so leveraged traders need to leave more room here. Placing a stop-loss too close to a round number can easily get you stopped out.
It’s much more reliable to work backward from where you place your stop-loss to determine your position size than to just guess.