🐋 $ZRO breaks below the 1.8 level.
There are often plenty of stop-loss orders around key levels, so let’s first talk about why they matter.
Support is a price zone where prices have repeatedly found a floor while falling. Resistance is an area where prices have repeatedly failed to rise further.
Many people use key levels as a reference for managing positions: which side of the level to hold a position on and where to place a stop-loss are more practical considerations than predicting whether prices will rise or fall.
Extreme data usually means greater volatility. That’s when you should reduce your position, not add to it.
There are often plenty of stop-loss orders around key levels, so let’s first talk about why they matter.
Support is a price zone where prices have repeatedly found a floor while falling. Resistance is an area where prices have repeatedly failed to rise further.
Many people use key levels as a reference for managing positions: which side of the level to hold a position on and where to place a stop-loss are more practical considerations than predicting whether prices will rise or fall.
Extreme data usually means greater volatility. That’s when you should reduce your position, not add to it.