🐋 $JCT broke through the 0.0019 level.
Large numbers of orders are often placed around round-number levels. Let’s first talk about why key price levels matter.
Even among round-number levels, the larger the number, the more people tend to watch it. For example, major milestones like 10,000 or 100,000 attract more attention than ordinary round numbers.
Breaking through a level only means one side has the upper hand at that moment. How much further the price can go depends on where the next key level is and whether the funds can keep flowing in.
It’s much safer to calculate your order size based on where you place your stop-loss than to just guess.
Stay calm and don’t get carried away.
Large numbers of orders are often placed around round-number levels. Let’s first talk about why key price levels matter.
Even among round-number levels, the larger the number, the more people tend to watch it. For example, major milestones like 10,000 or 100,000 attract more attention than ordinary round numbers.
Breaking through a level only means one side has the upper hand at that moment. How much further the price can go depends on where the next key level is and whether the funds can keep flowing in.
It’s much safer to calculate your order size based on where you place your stop-loss than to just guess.
Stay calm and don’t get carried away.