$DOGE fell below the 0.08 level.
A large number of stop-loss orders are often placed around key levels, so let’s first talk about how these price levels can come into play.
Support and resistance are more like price zones than precise points at a specific decimal place. It’s normal for prices to seesaw back and forth within these zones.
It’s not uncommon for prices to break through a key level and then retreat, so many people prefer to wait for confirmation at the close rather than follow the move the moment the level is breached.
With leveraged trading, first consider whether you can withstand the worst-case scenario, then think about what the indicators are saying.
#DOGE
A large number of stop-loss orders are often placed around key levels, so let’s first talk about how these price levels can come into play.
Support and resistance are more like price zones than precise points at a specific decimal place. It’s normal for prices to seesaw back and forth within these zones.
It’s not uncommon for prices to break through a key level and then retreat, so many people prefer to wait for confirmation at the close rather than follow the move the moment the level is breached.
With leveraged trading, first consider whether you can withstand the worst-case scenario, then think about what the indicators are saying.
#DOGE