Technical Notes | $JCT | Losing the 0.0025 level
Definition: Round-number levels are all watched, but the larger the number, the more people tend to watch it. For example, major levels like 10,000 or 100,000 tend to attract more attention than ordinary round numbers.
How to read it: It’s not uncommon for price to cross a level and then fall back below it. That’s why many people wait for the candle to close and hold above the level before treating the breakout as real, rather than chasing it the moment price breaks through.
Indicators can be wrong, so don’t skip your stop-loss: Deciding in advance what to do if your judgment is wrong matters more than whether your prediction is right.
For reference only; not trading advice.
Definition: Round-number levels are all watched, but the larger the number, the more people tend to watch it. For example, major levels like 10,000 or 100,000 tend to attract more attention than ordinary round numbers.
How to read it: It’s not uncommon for price to cross a level and then fall back below it. That’s why many people wait for the candle to close and hold above the level before treating the breakout as real, rather than chasing it the moment price breaks through.
Indicators can be wrong, so don’t skip your stop-loss: Deciding in advance what to do if your judgment is wrong matters more than whether your prediction is right.
For reference only; not trading advice.