$XMR broke through the 600 mark, 27 days since it was last here.
A beginner’s sincere question: Why do round-number levels matter?
The longer it’s been since the last time the price reached this level, the more likely the structure of positions around it has changed. The balance of bullish and bearish forces from back then may no longer hold.
It’s common for prices to break through a level and then fall back, so many people prefer to wait for the close to confirm the move rather than jump in the moment it breaks through.
Learning to read indicators isn’t hard; the hard part is sticking to your plan when emotions are at their most extreme.
A beginner’s sincere question: Why do round-number levels matter?
The longer it’s been since the last time the price reached this level, the more likely the structure of positions around it has changed. The balance of bullish and bearish forces from back then may no longer hold.
It’s common for prices to break through a level and then fall back, so many people prefer to wait for the close to confirm the move rather than jump in the moment it breaks through.
Learning to read indicators isn’t hard; the hard part is sticking to your plan when emotions are at their most extreme.