💡 $BTW broke below the 2.3 level!
Don’t rush in—understand how round-number levels work before making a move 👇
A large number of stop-loss orders often cluster around these levels. Once the price moves past them, those stops may be triggered all at once, causing volatility to spike.
Price fluctuations often intensify near these levels, so leveraged traders should leave themselves more room. Setting a stop-loss too close to a round number makes it easy for your position to get stopped out.
The same reading can mean very different things in different market conditions, so don’t apply a single rule mechanically.
Don’t rush in—understand how round-number levels work before making a move 👇
A large number of stop-loss orders often cluster around these levels. Once the price moves past them, those stops may be triggered all at once, causing volatility to spike.
Price fluctuations often intensify near these levels, so leveraged traders should leave themselves more room. Setting a stop-loss too close to a round number makes it easy for your position to get stopped out.
The same reading can mean very different things in different market conditions, so don’t apply a single rule mechanically.