$PUMP fell below the 0.0045 level, 18 days after it was last here.
A beginner asks: Where do key price levels come from?
A lot of stop-loss orders tend to cluster around key levels. If the price breaks through, these stops can be triggered all at once, often causing volatility to spike suddenly.
Many people use key levels as anchors for risk management: which side of the level to trade on and where to set a stop-loss are more practical considerations than predicting whether prices will rise or fall.
The point of understanding an indicator is to avoid being misled by a single number—not to use it to predict price movements.
#PUMP
These could be wrong too, so don't take them as advice.
A beginner asks: Where do key price levels come from?
A lot of stop-loss orders tend to cluster around key levels. If the price breaks through, these stops can be triggered all at once, often causing volatility to spike suddenly.
Many people use key levels as anchors for risk management: which side of the level to trade on and where to set a stop-loss are more practical considerations than predicting whether prices will rise or fall.
The point of understanding an indicator is to avoid being misled by a single number—not to use it to predict price movements.
#PUMP
These could be wrong too, so don't take them as advice.