$XMR lost the 600 level.
When I first got into the market, I didn’t understand why everyone was watching round-number levels. Later, I realized: the levels themselves aren’t magical—it’s because everyone watches them and places orders around them, so price tends to move more sharply when it reaches them.
The first rebound after a breakdown is often seen as a test: if price is rejected near the level, the idea that support has turned into resistance becomes more convincing.
Don’t place an order during the fastest move. Wait for the candlestick to close and settle before deciding.
#XMR
When I first got into the market, I didn’t understand why everyone was watching round-number levels. Later, I realized: the levels themselves aren’t magical—it’s because everyone watches them and places orders around them, so price tends to move more sharply when it reaches them.
The first rebound after a breakdown is often seen as a test: if price is rejected near the level, the idea that support has turned into resistance becomes more convincing.
Don’t place an order during the fastest move. Wait for the candlestick to close and settle before deciding.
#XMR