A note: $LIT has fallen below the 3 mark.
People often ask what round-number levels mean. Here’s how I see it.
Even among round-number levels, the bigger the number, the more attention it tends to attract. Major thresholds like 10,000 or 100,000 stand out more than ordinary whole numbers.
The first pullback after a breakout is often seen as a test: if the price holds near the level, that strengthens the case for resistance having turned into support.
Don’t place an order during the fastest few minutes of a move. Wait for the candlestick to close and settle before deciding.
People often ask what round-number levels mean. Here’s how I see it.
Even among round-number levels, the bigger the number, the more attention it tends to attract. Major thresholds like 10,000 or 100,000 stand out more than ordinary whole numbers.
The first pullback after a breakout is often seen as a test: if the price holds near the level, that strengthens the case for resistance having turned into support.
Don’t place an order during the fastest few minutes of a move. Wait for the candlestick to close and settle before deciding.