A note: $BLUAI has fallen below the 0.008 level.
People often ask what key price levels mean. Here’s how I see it.
There are often a lot of stop-loss orders clustered around key levels. Once the price crosses one, those stops are triggered all at once, and volatility can suddenly spike.
The first rebound after a level is breached is often seen as a litmus test: if the price is pushed back below it, the case for support turning into resistance becomes stronger.
Don’t place orders during the fastest few minutes of a move. Wait for the candlestick to close before taking a look.
#BLUAI
People often ask what key price levels mean. Here’s how I see it.
There are often a lot of stop-loss orders clustered around key levels. Once the price crosses one, those stops are triggered all at once, and volatility can suddenly spike.
The first rebound after a level is breached is often seen as a litmus test: if the price is pushed back below it, the case for support turning into resistance becomes stronger.
Don’t place orders during the fastest few minutes of a move. Wait for the candlestick to close before taking a look.
#BLUAI