$JCT breached the 0.002 level.
Orders often cluster around round numbers, so let’s first understand why these levels matter.
Round-number levels attract attention mainly because traders like to place orders and stop-losses around them. Orders tend to cluster in these areas, which are also known as psychological levels.
Volatility often increases around these levels, so leveraged traders need to leave more room. A stop-loss placed too close to a round number can easily be triggered.
Extreme data usually means a wider trading range. At times like these, it’s better to reduce your position size rather than make a big bet.
Orders often cluster around round numbers, so let’s first understand why these levels matter.
Round-number levels attract attention mainly because traders like to place orders and stop-losses around them. Orders tend to cluster in these areas, which are also known as psychological levels.
Volatility often increases around these levels, so leveraged traders need to leave more room. A stop-loss placed too close to a round number can easily be triggered.
Extreme data usually means a wider trading range. At times like these, it’s better to reduce your position size rather than make a big bet.