Indicator Notes｜$RLC ｜Breaks above the 1.05 level
Definition: Large numbers of stop-loss orders tend to cluster around key levels. Once the price moves past one, those stops are triggered all at once, and volatility can spike.
How to read it: Round-number levels mean different things for different coins. Many people watch major round-number levels for top coins, while round numbers often matter much less for smaller coins.
Extreme readings usually signal more intense volatility. At times like these, it’s better to reduce leverage rather than increase your position.
#RLC
These views are for discussion only. Trade at your own risk.
Definition: Large numbers of stop-loss orders tend to cluster around key levels. Once the price moves past one, those stops are triggered all at once, and volatility can spike.
How to read it: Round-number levels mean different things for different coins. Many people watch major round-number levels for top coins, while round numbers often matter much less for smaller coins.
Extreme readings usually signal more intense volatility. At times like these, it’s better to reduce leverage rather than increase your position.
#RLC
These views are for discussion only. Trade at your own risk.