$SNDKB | Falling below the 900 level
Before looking at your position size, first understand the key price levels.
Round-number levels attract attention mainly because traders like to place orders and take-profit targets around them. Orders can cluster at these levels, which are also known as psychological levels.
These levels don't determine market direction. They are simply areas where buyers and sellers tend to compete more intensely, and the outcome still depends on trading volume.
Extreme readings usually signal greater volatility. At times like these, it's better to reduce your position size rather than make a heavy bet.
Stay rational and manage your position size.
Before looking at your position size, first understand the key price levels.
Round-number levels attract attention mainly because traders like to place orders and take-profit targets around them. Orders can cluster at these levels, which are also known as psychological levels.
These levels don't determine market direction. They are simply areas where buyers and sellers tend to compete more intensely, and the outcome still depends on trading volume.
Extreme readings usually signal greater volatility. At times like these, it's better to reduce your position size rather than make a heavy bet.
Stay rational and manage your position size.