🐋 $PUMP fell below the 0.0043 level, 19 days after it last reached this point.
A large number of stop-loss orders tend to cluster around key levels. First, let’s talk about why these price levels matter.
A commonly observed pattern is that resistance levels that are decisively broken often become support, while support levels that are decisively broken often turn into resistance.
The level itself doesn’t determine the direction; it’s more like the point where buyers and sellers clash most intensely. Ultimately, the money flow decides the direction.
Unusual data is often accompanied by more dramatic volatility. At times like these, it’s better to reduce leverage rather than increase your position.
A large number of stop-loss orders tend to cluster around key levels. First, let’s talk about why these price levels matter.
A commonly observed pattern is that resistance levels that are decisively broken often become support, while support levels that are decisively broken often turn into resistance.
The level itself doesn’t determine the direction; it’s more like the point where buyers and sellers clash most intensely. Ultimately, the money flow decides the direction.
Unusual data is often accompanied by more dramatic volatility. At times like these, it’s better to reduce leverage rather than increase your position.