A quick interjection from our resident jokester: $AKE has fallen below the 0.03 level.
On a candlestick chart, a round-number level is just a number; to us, it’s a psychological line of defense.
Joking aside, previous highs and lows are commonly used reference levels. The memory of being turned back or finding support at a level often influences decisions when the price returns to it.
Keep extra margin for leveraged positions, so a sudden move doesn’t wipe out your position.
On a candlestick chart, a round-number level is just a number; to us, it’s a psychological line of defense.
Joking aside, previous highs and lows are commonly used reference levels. The memory of being turned back or finding support at a level often influences decisions when the price returns to it.
Keep extra margin for leveraged positions, so a sudden move doesn’t wipe out your position.