$BIRB ｜Breaking through the 0.1 level
Before looking at your position, first understand whole-number levels.
A commonly cited rule of thumb is that a resistance level that has been decisively broken often becomes support, while a support level that has been decisively broken often becomes resistance.
It’s common to break through a level and then fall back below it, so many people prefer to wait for the price to hold above it at the close before considering the breakout confirmed, rather than chasing it the moment it breaks through.
Don’t disrupt your plan based on a single indicator, and don’t gamble borrowed money on a particular prediction.
This is not investment advice. Make your own trading decisions.
Before looking at your position, first understand whole-number levels.
A commonly cited rule of thumb is that a resistance level that has been decisively broken often becomes support, while a support level that has been decisively broken often becomes resistance.
It’s common to break through a level and then fall back below it, so many people prefer to wait for the price to hold above it at the close before considering the breakout confirmed, rather than chasing it the moment it breaks through.
Don’t disrupt your plan based on a single indicator, and don’t gamble borrowed money on a particular prediction.
This is not investment advice. Make your own trading decisions.