📐 $BAT breaks through the 0.15 level.
【A quick explainer】How should you understand support and resistance?
Round-number levels attract attention mainly because traders tend to place orders and stop-losses near them, so orders often cluster around those levels. That’s why they’re also called psychological levels.
Understanding this indicator can help you avoid being misled by the numbers; it’s not meant to predict tops or bottoms.
【A quick explainer】How should you understand support and resistance?
Round-number levels attract attention mainly because traders tend to place orders and stop-losses near them, so orders often cluster around those levels. That’s why they’re also called psychological levels.
Understanding this indicator can help you avoid being misled by the numbers; it’s not meant to predict tops or bottoms.