$LINK fell below the 12 level.
When I first got into the market, I didn’t understand why everyone was watching round-number levels. Later, I realized there’s nothing special about the levels themselves—it’s because so many people are watching them and placing orders around them, so prices tend to react more strongly when they reach those levels.
Indicators can fail, but risk management can’t be neglected: deciding in advance what to do if you’re wrong is more important than getting your prediction right.
I misread the market often, too. Make your own judgment.
When I first got into the market, I didn’t understand why everyone was watching round-number levels. Later, I realized there’s nothing special about the levels themselves—it’s because so many people are watching them and placing orders around them, so prices tend to react more strongly when they reach those levels.
Indicators can fail, but risk management can’t be neglected: deciding in advance what to do if you’re wrong is more important than getting your prediction right.
I misread the market often, too. Make your own judgment.