🐋 $EDGE broke through the 0.4 level.
There are usually plenty of stop-loss orders clustered around round numbers, so let’s first understand why key price levels matter.
A support level is a price zone where declines have repeatedly found a floor. A resistance level is a zone where rises have repeatedly stalled.
Breaking through a level only means one side has the upper hand at that moment. How far the price can go next depends on where the next key level is and whether trading volume can keep up.
Working out your position size based on the stop-loss distance is much more reliable than placing orders on a whim.
There are usually plenty of stop-loss orders clustered around round numbers, so let’s first understand why key price levels matter.
A support level is a price zone where declines have repeatedly found a floor. A resistance level is a zone where rises have repeatedly stalled.
Breaking through a level only means one side has the upper hand at that moment. How far the price can go next depends on where the next key level is and whether trading volume can keep up.
Working out your position size based on the stop-loss distance is much more reliable than placing orders on a whim.