$IDOL ｜Lost the 0.019 level
Before considering position size, first understand round-number levels.
Common criteria for confirming a valid breakout include: closing on the other side of the level, holding it on a retest, and increased volume during the breakout.
Round-number levels mean different things for different coins: many traders watch major round-number levels for leading coins, while round numbers usually carry much less significance for small-cap coins.
Calculating your order size based on where you place your stop-loss is much more reliable than trading on intuition.
Before considering position size, first understand round-number levels.
Common criteria for confirming a valid breakout include: closing on the other side of the level, holding it on a retest, and increased volume during the breakout.
Round-number levels mean different things for different coins: many traders watch major round-number levels for leading coins, while round numbers usually carry much less significance for small-cap coins.
Calculating your order size based on where you place your stop-loss is much more reliable than trading on intuition.
