$Q lost the 0.03 level.
A beginner's question: Why are round-number levels important?
The longer it's been since the price last reached this level, the more the distribution of positions around it may have changed. Past support and resistance may no longer hold.
When prices swing back and forth near a key level, both sides can easily get shaken out repeatedly. Keeping positions light is often a better approach until the direction becomes clear.
Don't chase a trade during the sharpest move; wait for the candlestick to close before taking another look.
A beginner's question: Why are round-number levels important?
The longer it's been since the price last reached this level, the more the distribution of positions around it may have changed. Past support and resistance may no longer hold.
When prices swing back and forth near a key level, both sides can easily get shaken out repeatedly. Keeping positions light is often a better approach until the direction becomes clear.
Don't chase a trade during the sharpest move; wait for the candlestick to close before taking another look.