$ZRO fell below the 2 mark.
I used to wonder why everyone paid attention to round-number levels. Eventually I understood: there’s nothing special about the level itself; it’s because so many people watch it and place orders nearby, so prices tend to react more noticeably when they reach it.
The same data can mean completely different things in different market conditions, so don’t blindly apply a single rule of thumb.
#ZRO
I used to wonder why everyone paid attention to round-number levels. Eventually I understood: there’s nothing special about the level itself; it’s because so many people watch it and place orders nearby, so prices tend to react more noticeably when they reach it.
The same data can mean completely different things in different market conditions, so don’t blindly apply a single rule of thumb.
#ZRO