$KAIA ｜Lost the 0.045 level
Before discussing capital flows, let’s first understand round-number levels.
Previous highs and lows are the most common key price levels: being turned away or supported at these levels last time can influence decisions when the price reaches them again.
It’s not uncommon for the price to cross a level and then retreat, so many people wait for the close to confirm the move before taking it seriously, rather than following the price the moment it breaks through.
All data merely summarizes past price movements; prices can move in the opposite direction at any time.
#KAIA
Before discussing capital flows, let’s first understand round-number levels.
Previous highs and lows are the most common key price levels: being turned away or supported at these levels last time can influence decisions when the price reaches them again.
It’s not uncommon for the price to cross a level and then retreat, so many people wait for the close to confirm the move before taking it seriously, rather than following the price the moment it breaks through.
All data merely summarizes past price movements; prices can move in the opposite direction at any time.
#KAIA