$INIT breaks through the 0.2 level.
Folks, why do whole-number levels matter? Here’s the short version 👇
Common ways to judge whether a break is valid include: the close ends up on the other side of the level, a retest fails to reclaim it, and trading volume picks up during the move.
Moves that break through a level and then fall back are not uncommon, so many people wait for the closing price to hold beyond it before calling it a breakout, rather than chasing the move as it happens.
Extreme readings are usually accompanied by greater volatility. At times like these, it’s better to reduce your position size, not add to it.
#INIT
Folks, why do whole-number levels matter? Here’s the short version 👇
Common ways to judge whether a break is valid include: the close ends up on the other side of the level, a retest fails to reclaim it, and trading volume picks up during the move.
Moves that break through a level and then fall back are not uncommon, so many people wait for the closing price to hold beyond it before calling it a breakout, rather than chasing the move as it happens.
Extreme readings are usually accompanied by greater volatility. At times like these, it’s better to reduce your position size, not add to it.
#INIT