$ZEREBRO breaks through the 0.025 level.
Everyone, why are round-number levels important? Here’s the short version 👇
Round-number levels get a lot of attention mainly because traders like to place limit orders and take-profit orders around them, so orders tend to cluster there. That’s why they’re also known as psychological levels.
The levels themselves don’t determine whether prices rise or fall. They’re simply where the battle between bulls and bears is often most concentrated. Ultimately, the direction depends on where the money flows.
Sizing your position by working backwards from your stop-loss distance is far more reliable than placing orders on a whim.
Everyone, why are round-number levels important? Here’s the short version 👇
Round-number levels get a lot of attention mainly because traders like to place limit orders and take-profit orders around them, so orders tend to cluster there. That’s why they’re also known as psychological levels.
The levels themselves don’t determine whether prices rise or fall. They’re simply where the battle between bulls and bears is often most concentrated. Ultimately, the direction depends on where the money flows.
Sizing your position by working backwards from your stop-loss distance is far more reliable than placing orders on a whim.