Indicator Notes | $BTW | Breaks above the 2.1 level
First, a definition: Round-number levels attract attention because people like to place orders and stop-losses around them. As a result, orders often cluster at these levels, which is why they’re also called psychological levels.
A common observation: Volatility often increases near these levels. Leveraged positions need more room here, as stop-losses placed too close to a round number can easily be triggered in a quick sweep.
All data summarizes price movements that have already occurred; the market can move in the opposite direction at any time.
#BTW
First, a definition: Round-number levels attract attention because people like to place orders and stop-losses around them. As a result, orders often cluster at these levels, which is why they’re also called psychological levels.
A common observation: Volatility often increases near these levels. Leveraged positions need more room here, as stop-losses placed too close to a round number can easily be triggered in a quick sweep.
All data summarizes price movements that have already occurred; the market can move in the opposite direction at any time.
#BTW