$UAI ｜The 0.045 level gives way
Before looking at position size, first understand round-number levels.
Previous highs and lows are common reference points: memories of price failing to rise past or being supported at those levels often influence buying and selling when the price returns there.
It’s common for prices to break through a level and then fall back, so many people wait for the candle to close and hold above it before treating the breakout as real, rather than jumping in the moment it happens.
Calculating your order size based on where you place your stop-loss is much more reliable than guessing.
#UAI
Before looking at position size, first understand round-number levels.
Previous highs and lows are common reference points: memories of price failing to rise past or being supported at those levels often influence buying and selling when the price returns there.
It’s common for prices to break through a level and then fall back, so many people wait for the candle to close and hold above it before treating the breakout as real, rather than jumping in the moment it happens.
Calculating your order size based on where you place your stop-loss is much more reliable than guessing.
#UAI