$ONDO ｜Breaks below the 0.48 level
How should you understand support and resistance? The longer it has been since the price last reached this level, the more the positioning around it may have changed. Past support and resistance may no longer be reliable.
Many people use key levels as a reference for risk management: which side of the level to enter on and where to set a stop-loss are more practical considerations than trying to guess whether prices will rise or fall.
Extreme readings are usually accompanied by greater volatility. At times like these, it is better to reduce your position size rather than make a large bet.
#ONDO
In volatile markets, risk management comes first.
How should you understand support and resistance? The longer it has been since the price last reached this level, the more the positioning around it may have changed. Past support and resistance may no longer be reliable.
Many people use key levels as a reference for risk management: which side of the level to enter on and where to set a stop-loss are more practical considerations than trying to guess whether prices will rise or fall.
Extreme readings are usually accompanied by greater volatility. At times like these, it is better to reduce your position size rather than make a large bet.
#ONDO
In volatile markets, risk management comes first.