$STRK broke below the 0.1 level.
Round-number levels often have a large number of stop-loss orders clustered around them, so let’s start by discussing why key price levels matter.
One rule of thumb: a resistance level that is decisively broken often becomes support, while a support level that is decisively broken often turns into resistance.
When the price returns to a level after several days, it often meets buyers who entered around that level before and are now looking to break even and exit or add to their positions. Trading activity often picks up as a result.
Indicators can fail, but stop-losses shouldn’t be skipped: deciding in advance what to do if you’re wrong is more important than whether your prediction is accurate.
Just sharing my thoughts; this is not investment advice.
Round-number levels often have a large number of stop-loss orders clustered around them, so let’s start by discussing why key price levels matter.
One rule of thumb: a resistance level that is decisively broken often becomes support, while a support level that is decisively broken often turns into resistance.
When the price returns to a level after several days, it often meets buyers who entered around that level before and are now looking to break even and exit or add to their positions. Trading activity often picks up as a result.
Indicators can fail, but stop-losses shouldn’t be skipped: deciding in advance what to do if you’re wrong is more important than whether your prediction is accurate.
Just sharing my thoughts; this is not investment advice.