$PEPE breaks above the 0.0₅41 level.
A fundamental question for beginners: Why do round-number levels matter?
The longer it’s been since the price last reached this level, the more the distribution of positions around here may have changed. The balance of bullish and bearish forces at the time may no longer hold.
To the price, a key level is just an ordinary number; to people, it’s a psychological line of defense.
Sizing your order based on the distance to your stop-loss is much more reliable than just guessing.
#PEPE
A fundamental question for beginners: Why do round-number levels matter?
The longer it’s been since the price last reached this level, the more the distribution of positions around here may have changed. The balance of bullish and bearish forces at the time may no longer hold.
To the price, a key level is just an ordinary number; to people, it’s a psychological line of defense.
Sizing your order based on the distance to your stop-loss is much more reliable than just guessing.
#PEPE