🐋 $RSR has fallen below the 0.0019 level.
Stop-loss orders often cluster around key levels, so let’s first understand why they matter.
The longer it’s been since the price last reached this level, the more the distribution of positions around it may have changed. Previous support and resistance may no longer hold.
It’s not uncommon for the price to break through a key level and then pull back, so many people wait for the candle to close and hold above it before taking the move seriously, rather than following immediately after the breakout.
The point of understanding an indicator is to avoid being misled by a single number—not to use it to predict whether prices will rise or fall.
Stop-loss orders often cluster around key levels, so let’s first understand why they matter.
The longer it’s been since the price last reached this level, the more the distribution of positions around it may have changed. Previous support and resistance may no longer hold.
It’s not uncommon for the price to break through a key level and then pull back, so many people wait for the candle to close and hold above it before taking the move seriously, rather than following immediately after the breakout.
The point of understanding an indicator is to avoid being misled by a single number—not to use it to predict whether prices will rise or fall.