$AKE breaks through the 0.0025 level.
A beginner’s burning question: How are key price levels determined?
The more often a price level is tested, the more firmly it tends to register in traders’ minds. But some argue that repeated tests may instead wear down the support there.
Many people use key levels as reference points for risk management: which side of the level to enter on and where to place a stop-loss are more practical considerations than predicting the direction.
Leave plenty of room when using leverage; don’t let one sudden swing wipe you out of your position.
Personal notes, not a recommendation to buy or sell.
A beginner’s burning question: How are key price levels determined?
The more often a price level is tested, the more firmly it tends to register in traders’ minds. But some argue that repeated tests may instead wear down the support there.
Many people use key levels as reference points for risk management: which side of the level to enter on and where to place a stop-loss are more practical considerations than predicting the direction.
Leave plenty of room when using leverage; don’t let one sudden swing wipe you out of your position.
Personal notes, not a recommendation to buy or sell.
