🐋 $APR broke through the 0.03 level.
There are often plenty of stop-loss orders clustered around key levels, so let’s first understand why these price levels matter.
Previous highs and lows are common key levels: past rejections or support at these prices can influence buying and selling when the price returns to them.
Breaking through a level only means one side has the upper hand at that moment. How much further the price can go depends on where the next levels are and whether trading volume can be sustained.
Indicators can be inaccurate, but stop-losses shouldn’t be overlooked: deciding in advance what to do if your judgment is wrong matters more than whether your prediction is right.
There are often plenty of stop-loss orders clustered around key levels, so let’s first understand why these price levels matter.
Previous highs and lows are common key levels: past rejections or support at these prices can influence buying and selling when the price returns to them.
Breaking through a level only means one side has the upper hand at that moment. How much further the price can go depends on where the next levels are and whether trading volume can be sustained.
Indicators can be inaccurate, but stop-losses shouldn’t be overlooked: deciding in advance what to do if your judgment is wrong matters more than whether your prediction is right.