🐋 $PENGU broke through the 0.008 level.
There are usually plenty of stop-loss orders clustered around key levels, so let's first understand why these price levels matter.
A support level is a price range where declines have repeatedly stopped in the past. A resistance level is a price range that prices have repeatedly failed to rise above.
Keep enough margin for your futures positions so a sudden sharp move doesn't liquidate them.
#PENGU
There are usually plenty of stop-loss orders clustered around key levels, so let's first understand why these price levels matter.
A support level is a price range where declines have repeatedly stopped in the past. A resistance level is a price range that prices have repeatedly failed to rise above.
Keep enough margin for your futures positions so a sudden sharp move doesn't liquidate them.
#PENGU