$LIT breaks through the 3.5 level!
Take a moment to understand round-number levels before reacting
One thing to remember: a resistance level that’s genuinely broken often turns into support later; a support level that’s genuinely broken often becomes resistance.
It’s common for prices to break through a level and then fall back, so many people wait for the close to confirm the move rather than chase it the moment it happens.
Calculating position size based on the stop-loss distance is much more reliable than choosing it by feel.
Take a moment to understand round-number levels before reacting
One thing to remember: a resistance level that’s genuinely broken often turns into support later; a support level that’s genuinely broken often becomes resistance.
It’s common for prices to break through a level and then fall back, so many people wait for the close to confirm the move rather than chase it the moment it happens.
Calculating position size based on the stop-loss distance is much more reliable than choosing it by feel.
