🐋 $PYTH breached the 0.09 level.
A large number of stop-loss orders often cluster around key levels, so let’s first understand why these price levels matter.
The more often a price level is tested, the more weight traders tend to give it; however, some argue that repeated tests can also weaken the support there.
Understanding this indicator is meant to keep you from being spooked by the numbers, not to help you predict price movements with certainty.
#PYTH
A large number of stop-loss orders often cluster around key levels, so let’s first understand why these price levels matter.
The more often a price level is tested, the more weight traders tend to give it; however, some argue that repeated tests can also weaken the support there.
Understanding this indicator is meant to keep you from being spooked by the numbers, not to help you predict price movements with certainty.
#PYTH