$GRASS breaks through the 0.8 level.
A beginner’s burning question: Why do whole-number levels matter?
The larger the whole-number level, the more people tend to watch it. For example, major levels like 10,000 or 100,000 attract more attention than ordinary whole numbers.
When a price returns to a level after a long time, people who entered around that level before may break even and exit, or add to their positions, so trading often becomes more concentrated.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
#GRASS
A beginner’s burning question: Why do whole-number levels matter?
The larger the whole-number level, the more people tend to watch it. For example, major levels like 10,000 or 100,000 attract more attention than ordinary whole numbers.
When a price returns to a level after a long time, people who entered around that level before may break even and exit, or add to their positions, so trading often becomes more concentrated.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
#GRASS