Market Notes｜$EIGEN ｜Lost the 0.25 Level
First, a definition: Even among round-number levels, the rounder the number, the more people tend to watch it. Major milestones like 10,000 or 100,000, for example, attract more attention than ordinary round numbers.
Now, how to read them: Round-number levels mean different things for different coins. More people watch major round-number levels for leading coins, while round numbers tend to matter much less for smaller coins.
Before taking a leveraged position, first consider whether you can handle the worst-case outcome, then look at what the signals are saying.
First, a definition: Even among round-number levels, the rounder the number, the more people tend to watch it. Major milestones like 10,000 or 100,000, for example, attract more attention than ordinary round numbers.
Now, how to read them: Round-number levels mean different things for different coins. More people watch major round-number levels for leading coins, while round numbers tend to matter much less for smaller coins.
Before taking a leveraged position, first consider whether you can handle the worst-case outcome, then look at what the signals are saying.