A quick update: $S just fell below the 0.065 mark.
On a candlestick chart, a price level is just a number; to people, it can be a psychological line of defense.
A quick bit of background: even among round-number levels, the higher the number, the more people tend to watch it. Major milestones like 10,000 or 100,000 usually attract more attention than ordinary round numbers.
Extreme readings often come with bigger swings. That’s when you should be reducing leverage, not betting big.
On a candlestick chart, a price level is just a number; to people, it can be a psychological line of defense.
A quick bit of background: even among round-number levels, the higher the number, the more people tend to watch it. Major milestones like 10,000 or 100,000 usually attract more attention than ordinary round numbers.
Extreme readings often come with bigger swings. That’s when you should be reducing leverage, not betting big.