🐋 $AKE fell below the 0.025 level.
A lot of orders are usually placed around key levels, so let’s first talk about why they matter.
The more often a price level is tested, the more significant it tends to become in people’s minds. But some argue that repeated tests can also weaken the buying support there.
Round-number levels carry different weight for different coins: more people watch major round-number levels for large-cap coins, while round numbers are often far less useful as reference points for small-cap coins.
Sizing your position based on the distance to your stop-loss is much more reliable than just guessing.
A lot of orders are usually placed around key levels, so let’s first talk about why they matter.
The more often a price level is tested, the more significant it tends to become in people’s minds. But some argue that repeated tests can also weaken the buying support there.
Round-number levels carry different weight for different coins: more people watch major round-number levels for large-cap coins, while round numbers are often far less useful as reference points for small-cap coins.
Sizing your position based on the distance to your stop-loss is much more reliable than just guessing.
