A log of sneaking in some market-watching at work: $PUMP breaks through the 0.005 mark.
To prices, round-number thresholds are just ordinary numbers; to people, they’re psychological barriers.
A quick bit of market education: the more often a price level is tested, the more weight people tend to give it. But some argue that repeated tests can also exhaust the buying support there.
Reading indicators is easy; the hard part is sticking to your rules when the market gets extreme.
#PUMP
To prices, round-number thresholds are just ordinary numbers; to people, they’re psychological barriers.
A quick bit of market education: the more often a price level is tested, the more weight people tend to give it. But some argue that repeated tests can also exhaust the buying support there.
Reading indicators is easy; the hard part is sticking to your rules when the market gets extreme.
#PUMP