🧮 Latest data: $FIL | Broke through the 1.2 level (current price: 1.1888, now back below it)
· What it means: A large number of stop-loss orders often cluster around key levels. If the price moves past one, those stops may be triggered together, often causing volatility to spike suddenly.
· How to read it: It’s not unusual for the price to break through a key level and then retreat, so many people wait for the close to confirm it has held before acting, rather than jumping in the moment it breaks through.
Don’t change your approach based on a single indicator, and don’t gamble on a particular reading with borrowed money.
· What it means: A large number of stop-loss orders often cluster around key levels. If the price moves past one, those stops may be triggered together, often causing volatility to spike suddenly.
· How to read it: It’s not unusual for the price to break through a key level and then retreat, so many people wait for the close to confirm it has held before acting, rather than jumping in the moment it breaks through.
Don’t change your approach based on a single indicator, and don’t gamble on a particular reading with borrowed money.