$BTW broke through the 1.1 threshold (current price: 1.0988, now back below the threshold).
Let’s talk about what’s behind this number.
Support and resistance are more like zones than precise price points down to the last digit. It’s perfectly normal for prices to seesaw nearby.
Crossing a threshold only means one side had the upper hand at that moment. Whether the move can continue depends on where the next key level is and whether trading volume can be sustained.
Sizing your position based on the stop-loss distance is much steadier than placing orders by guesswork.
Let’s talk about what’s behind this number.
Support and resistance are more like zones than precise price points down to the last digit. It’s perfectly normal for prices to seesaw nearby.
Crossing a threshold only means one side had the upper hand at that moment. Whether the move can continue depends on where the next key level is and whether trading volume can be sustained.
Sizing your position based on the stop-loss distance is much steadier than placing orders by guesswork.
