$TRUTH falls below the 0.016 level.
A beginner’s burning question: How are key price levels determined?
Round-number levels matter because people tend to place orders and take-profit targets around them, so orders often cluster in these areas. That’s why they’re also called psychological levels.
To the price, a level is just a number; to us, it’s a psychological line of defense.
All indicators merely describe past market movements, and the market can just as easily move in the opposite direction.
A beginner’s burning question: How are key price levels determined?
Round-number levels matter because people tend to place orders and take-profit targets around them, so orders often cluster in these areas. That’s why they’re also called psychological levels.
To the price, a level is just a number; to us, it’s a psychological line of defense.
All indicators merely describe past market movements, and the market can just as easily move in the opposite direction.