$SHELL breached the 0.03 level.
Guys, why do round-number levels matter? Here’s the short version👇
Common ways to confirm a break include: the close is on the other side of the level, a rebound fails to reclaim it, and volume picks up during the breakout.
When prices are swinging back and forth around a level, both sides may get stopped out repeatedly. Until the direction becomes clear, keeping positions small may be a better approach.
With leveraged positions, first work out whether you can withstand the worst-case scenario, then see what the indicators are saying.
Guys, why do round-number levels matter? Here’s the short version👇
Common ways to confirm a break include: the close is on the other side of the level, a rebound fails to reclaim it, and volume picks up during the breakout.
When prices are swinging back and forth around a level, both sides may get stopped out repeatedly. Until the direction becomes clear, keeping positions small may be a better approach.
With leveraged positions, first work out whether you can withstand the worst-case scenario, then see what the indicators are saying.