$BTW falls below the 1.2 level.
Folks, where do key price levels come from? Here's a quick explanation.
There are often plenty of stop-loss orders clustered around key levels. Once the price crosses one, these stops can be triggered all at once, often causing volatility to spike suddenly.
When the price repeatedly swings back and forth near a key level, both bulls and bears can easily get stopped out again and again. Keeping positions small is often the safer choice until the direction becomes clear.
Several data points that confirm one another are more reliable than looking at just one, but even more indicators still can't provide a definite answer.
Folks, where do key price levels come from? Here's a quick explanation.
There are often plenty of stop-loss orders clustered around key levels. Once the price crosses one, these stops can be triggered all at once, often causing volatility to spike suddenly.
When the price repeatedly swings back and forth near a key level, both bulls and bears can easily get stopped out again and again. Keeping positions small is often the safer choice until the direction becomes clear.
Several data points that confirm one another are more reliable than looking at just one, but even more indicators still can't provide a definite answer.
