$STRK fell below the 0.105 level.
Guys, what do support and resistance mean? Here’s the short version 👇
A lot of stop-loss orders tend to pile up near key levels. If the price moves past one, those stops can all be triggered at once, often causing volatility to spike.
When the price returns to a level after a long time, people who entered around that price before may sell to break even or add to their positions, so trading activity often picks up.
The point of understanding an indicator is to avoid being spooked by the numbers—not to use it to pinpoint tops and bottoms.
#STRK
Guys, what do support and resistance mean? Here’s the short version 👇
A lot of stop-loss orders tend to pile up near key levels. If the price moves past one, those stops can all be triggered at once, often causing volatility to spike.
When the price returns to a level after a long time, people who entered around that price before may sell to break even or add to their positions, so trading activity often picks up.
The point of understanding an indicator is to avoid being spooked by the numbers—not to use it to pinpoint tops and bottoms.
#STRK