Indicator Notes｜$PUMP ｜Breaking through the 0.0045 level
Definition: Not all round-number levels are equal—the rounder the number, the more attention it tends to attract. For example, major levels such as 10,000 or 100,000 tend to draw more attention than ordinary whole numbers.
A note on how to read the move: It’s common for prices to break through a level and then fall back below it. That’s why many people wait for confirmation at the close before taking it seriously, rather than chasing the move the moment it breaks through.
Don’t place an order during the most volatile moment. Wait for the candlestick to settle before deciding.
Definition: Not all round-number levels are equal—the rounder the number, the more attention it tends to attract. For example, major levels such as 10,000 or 100,000 tend to draw more attention than ordinary whole numbers.
A note on how to read the move: It’s common for prices to break through a level and then fall back below it. That’s why many people wait for confirmation at the close before taking it seriously, rather than chasing the move the moment it breaks through.
Don’t place an order during the most volatile moment. Wait for the candlestick to settle before deciding.