๐๏ธ Data: $BTW | Broke below the 2.4 level
ยท Definition: A large number of stop-loss orders tend to cluster around key levels. Once the price crosses one, those stops are triggered together, often causing volatility to spike.
ยท Common interpretation: Round-number levels mean different things for different coins. More people pay attention to major round-number levels for large-cap coins, while round numbers are generally less meaningful for small-cap coins.
With leveraged positions, first consider whether you can handle the worst-case scenario, then look at what the signals say.
Not a trading signal.
ยท Definition: A large number of stop-loss orders tend to cluster around key levels. Once the price crosses one, those stops are triggered together, often causing volatility to spike.
ยท Common interpretation: Round-number levels mean different things for different coins. More people pay attention to major round-number levels for large-cap coins, while round numbers are generally less meaningful for small-cap coins.
With leveraged positions, first consider whether you can handle the worst-case scenario, then look at what the signals say.
Not a trading signal.