$ZEC moves above the 1150 level.
A beginner asks: Why do round-number levels matter?
Common ways to judge whether a break below a level is valid include: the close is on the other side of the level, a rebound fails to reclaim it, and trading volume expands during the breakout.
To prices, a round-number level is just a number; to people, it can be a big deal.
All data merely summarizes past price movements, and the market could just as easily move in the opposite direction.
A beginner asks: Why do round-number levels matter?
Common ways to judge whether a break below a level is valid include: the close is on the other side of the level, a rebound fails to reclaim it, and trading volume expands during the breakout.
To prices, a round-number level is just a number; to people, it can be a big deal.
All data merely summarizes past price movements, and the market could just as easily move in the opposite direction.