$PIEVERSE gave way at the 1.8 level.
Let's use this data to discuss key price levels.
The more often a price level is tested, the more significant it tends to become in people's minds; however, some argue that repeated tests can also deplete the orders resting there.
The first rebound after a breakdown is often seen as a litmus test: if price is rejected below the level, the idea that support has turned into resistance becomes more convincing.
Sizing your position based on the distance to your stop-loss is far more reliable than simply guessing.
Let's use this data to discuss key price levels.
The more often a price level is tested, the more significant it tends to become in people's minds; however, some argue that repeated tests can also deplete the orders resting there.
The first rebound after a breakdown is often seen as a litmus test: if price is rejected below the level, the idea that support has turned into resistance becomes more convincing.
Sizing your position based on the distance to your stop-loss is far more reliable than simply guessing.