$AIOT broke through the 0.17 level.
When I first got into crypto, I didn’t understand why everyone was watching round-number levels. Later, I figured it out: there’s nothing special about the levels themselves; it’s because so many people watch them and place orders nearby, so prices tend to react more strongly when they reach them.
Round-number levels carry different weight for different coins: more people pay attention to major levels for large-cap coins, while round-number levels are often much less useful as reference points for small-cap coins.
The point of understanding an indicator is to avoid being spooked by a single number, not to use it to predict price movements precisely.
#AIOT
When I first got into crypto, I didn’t understand why everyone was watching round-number levels. Later, I figured it out: there’s nothing special about the levels themselves; it’s because so many people watch them and place orders nearby, so prices tend to react more strongly when they reach them.
Round-number levels carry different weight for different coins: more people pay attention to major levels for large-cap coins, while round-number levels are often much less useful as reference points for small-cap coins.
The point of understanding an indicator is to avoid being spooked by a single number, not to use it to predict price movements precisely.
#AIOT