Just noting: $MAGIC fell below the 0.11 level.
People often ask what a whole-number level means, so here's how I see it.
Common ways to judge whether a breakout is valid include: the price closes on the other side of the level, a retest fails to cross back, and trading volume picks up during the breakout.
Many people use these levels as a reference for position sizing: which side of the level to hold a position on and where to set a stop-loss are more practical considerations than predicting the direction.
All data describes past price movements, and the market could just as easily move in the opposite direction.
People often ask what a whole-number level means, so here's how I see it.
Common ways to judge whether a breakout is valid include: the price closes on the other side of the level, a retest fails to cross back, and trading volume picks up during the breakout.
Many people use these levels as a reference for position sizing: which side of the level to hold a position on and where to set a stop-loss are more practical considerations than predicting the direction.
All data describes past price movements, and the market could just as easily move in the opposite direction.