$PIEVERSE ｜Losing the 1.8 level
Before looking at your position, first understand round-number levels.
A large number of stop-loss orders are usually placed around these levels. If the price breaks through, those stops can be triggered all at once, often causing volatility to spike.
The first rebound after a breakdown is often seen as a test: if the price is rejected near the level, that lends credence to the idea that support has turned into resistance.
Reading indicators is easy; the hard part is sticking to your plan when emotions are running high.
Don’t take this as investment advice.
Before looking at your position, first understand round-number levels.
A large number of stop-loss orders are usually placed around these levels. If the price breaks through, those stops can be triggered all at once, often causing volatility to spike.
The first rebound after a breakdown is often seen as a test: if the price is rejected near the level, that lends credence to the idea that support has turned into resistance.
Reading indicators is easy; the hard part is sticking to your plan when emotions are running high.
Don’t take this as investment advice.
