🐋 $MAGIC has fallen below the 0.095 level.
A lot of stop-loss orders are often placed around round-number levels. Let’s first talk about why key price levels matter.
There are usually plenty of stop-loss orders near these levels. If the price breaks through, those stops can be triggered all at once, often causing volatility to spike.
Cross-checking several data points is more reliable than looking at just one, but even more signals can’t provide a definitive answer.
#MAGIC
NFA—do your own research.
A lot of stop-loss orders are often placed around round-number levels. Let’s first talk about why key price levels matter.
There are usually plenty of stop-loss orders near these levels. If the price breaks through, those stops can be triggered all at once, often causing volatility to spike.
Cross-checking several data points is more reliable than looking at just one, but even more signals can’t provide a definitive answer.
#MAGIC
NFA—do your own research.