$CFX fell below the 0.06 level.
Let's use this figure to break down some key price levels.
Round-number levels attract attention because people tend to place orders and stop-losses near them. Orders can cluster there, which is why they're also called psychological levels.
When a price returns to a level after a long time, people who entered around that level before may sell to break even or add to their positions, so trading activity often picks up.
The same data can mean very different things in different market conditions, so don't blindly apply a single rule.
#CFX
Let's use this figure to break down some key price levels.
Round-number levels attract attention because people tend to place orders and stop-losses near them. Orders can cluster there, which is why they're also called psychological levels.
When a price returns to a level after a long time, people who entered around that level before may sell to break even or add to their positions, so trading activity often picks up.
The same data can mean very different things in different market conditions, so don't blindly apply a single rule.
#CFX