My take: $BASED has fallen below the 0.05 level.
On a candlestick chart, a round-number level is just a number. To us, though, it’s a big deal.
On a more serious note, previous highs and lows are among the most commonly used reference levels: the memory of being turned back or finding support there last time can influence buying and selling when the price returns.
With leveraged trading, first work out whether you can handle the worst-case outcome, then consider what the signals are saying.
Just my personal perspective; it may not be accurate, so use caution.
On a candlestick chart, a round-number level is just a number. To us, though, it’s a big deal.
On a more serious note, previous highs and lows are among the most commonly used reference levels: the memory of being turned back or finding support there last time can influence buying and selling when the price returns.
With leveraged trading, first work out whether you can handle the worst-case outcome, then consider what the signals are saying.
Just my personal perspective; it may not be accurate, so use caution.