🐋 $FET lost the 0.19 level.
Round-number levels often have a lot of stop-loss orders clustered around them, so first, let's understand why key price levels matter.
Support and resistance are more like price zones than precise decimal-point levels, and prices often fluctuate back and forth around them.
It’s not uncommon for prices to break through a level and then fall back below it. That’s why many traders wait for the candle to close and hold above the level, rather than chasing the price the moment it breaks through.
Learning to read indicators is easy; the hard part is still following your rules when the market gets exciting.
#FET
For reference only, not investment advice.
Round-number levels often have a lot of stop-loss orders clustered around them, so first, let's understand why key price levels matter.
Support and resistance are more like price zones than precise decimal-point levels, and prices often fluctuate back and forth around them.
It’s not uncommon for prices to break through a level and then fall back below it. That’s why many traders wait for the candle to close and hold above the level, rather than chasing the price the moment it breaks through.
Learning to read indicators is easy; the hard part is still following your rules when the market gets exciting.
#FET
For reference only, not investment advice.