Elaborating a bit further, if by any chance you are already long, 0.01 is a clever low risk take profit point. If you are long and wanna take a more risky stand, 0.011, or a bit less should be a good take profit. Then, a small bounce back to 0.01 would be expected, giving us a nice entry point again.
A clear break of 0.01 for me is a massive trend change.... not sure how to trade it yet, but should be a decent long leg.
Hope it helps,
A clear break of 0.01 for me is a massive trend change.... not sure how to trade it yet, but should be a decent long leg.
Hope it helps,
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.