$PENGU fell below the 0.008 level.
A question every beginner asks: Where do key price levels come from?
Previous highs and lows are commonly used key levels. The fact that prices couldn’t rise above or fall below those levels before can influence buying and selling when they reach them again.
Volatility often increases near these levels. With leveraged trading, it’s especially important to leave more room here; placing a stop-loss too close to a round number can easily get it triggered.
The point of understanding this indicator is to avoid being misled by a single number—not to use it to predict price movements precisely.
#PENGU
A question every beginner asks: Where do key price levels come from?
Previous highs and lows are commonly used key levels. The fact that prices couldn’t rise above or fall below those levels before can influence buying and selling when they reach them again.
Volatility often increases near these levels. With leveraged trading, it’s especially important to leave more room here; placing a stop-loss too close to a round number can easily get it triggered.
The point of understanding this indicator is to avoid being misled by a single number—not to use it to predict price movements precisely.
#PENGU