🐋 $AGT has lost the 0.07 level.
Round-number levels often attract a large number of stop-loss orders, so let’s first understand how key price levels work.
A common rule of thumb is that resistance, once decisively broken, often becomes support; support, once decisively broken, often becomes resistance.
The level itself doesn’t determine the direction. It’s more often where the battle between bulls and bears is fiercest; ultimately, capital flows decide the direction.
Sizing your position based on the distance to your stop-loss is much more reliable than going by gut feel.
This is not a buy or sell signal.
Round-number levels often attract a large number of stop-loss orders, so let’s first understand how key price levels work.
A common rule of thumb is that resistance, once decisively broken, often becomes support; support, once decisively broken, often becomes resistance.
The level itself doesn’t determine the direction. It’s more often where the battle between bulls and bears is fiercest; ultimately, capital flows decide the direction.
Sizing your position based on the distance to your stop-loss is much more reliable than going by gut feel.
This is not a buy or sell signal.