$RVN broke through the 0.0017 level.
Let’s use this number to talk about whole-number levels.
Whole-number levels get attention because people tend to place orders and take-profit targets around them. Orders often cluster at these levels, which are also known as psychological levels.
It’s common for prices to break through a level and then fall back, so many people wait for the close to confirm the move rather than jumping in the moment the level is crossed.
The point of understanding an indicator is to be less intimidated by the numbers, not to use it to predict price movements precisely.
#RVN
Let’s use this number to talk about whole-number levels.
Whole-number levels get attention because people tend to place orders and take-profit targets around them. Orders often cluster at these levels, which are also known as psychological levels.
It’s common for prices to break through a level and then fall back, so many people wait for the close to confirm the move rather than jumping in the moment the level is crossed.
The point of understanding an indicator is to be less intimidated by the numbers, not to use it to predict price movements precisely.
#RVN