$TRUTH broke through the 0.02 threshold.
Let’s talk about what lies behind this number.
Even among round-number thresholds, the rounder the number, the more people tend to watch it. Major milestones like whole thousands or hundreds of thousands usually attract more attention than ordinary round numbers.
It’s common to break through a threshold and then fall back below it, so many people prefer to wait for the candle to close and hold above the level before taking it seriously, rather than jumping in the moment it’s crossed.
Indicators can fail, but risk management can’t be neglected: deciding in advance what to do if you’re wrong is more important than getting the prediction right.
Let’s talk about what lies behind this number.
Even among round-number thresholds, the rounder the number, the more people tend to watch it. Major milestones like whole thousands or hundreds of thousands usually attract more attention than ordinary round numbers.
It’s common to break through a threshold and then fall back below it, so many people prefer to wait for the candle to close and hold above the level before taking it seriously, rather than jumping in the moment it’s crossed.
Indicators can fail, but risk management can’t be neglected: deciding in advance what to do if you’re wrong is more important than getting the prediction right.