๐ $ZK lost the 0.017 level.
A lot of orders tend to cluster around round-number levels, so letโs start by discussing why key price levels matter.
Common ways to confirm a breakout include: the close is on the other side of the level, a retest fails to reclaim it, and trading volume increases during the breakout.
When price returns to a level after many days, it often encounters people who bought around that price looking to exit at breakeven or add to their positions, so trading activity tends to pick up.
The same data can mean very different things in different market conditions, so donโt apply any single rule mechanically.
#ZK
A lot of orders tend to cluster around round-number levels, so letโs start by discussing why key price levels matter.
Common ways to confirm a breakout include: the close is on the other side of the level, a retest fails to reclaim it, and trading volume increases during the breakout.
When price returns to a level after many days, it often encounters people who bought around that price looking to exit at breakeven or add to their positions, so trading activity tends to pick up.
The same data can mean very different things in different market conditions, so donโt apply any single rule mechanically.
#ZK