๐ $BAT lost the 0.19 level.
A large number of stop-loss orders tend to cluster near key levels, so letโs first talk about why they matter.
Previous highs and lows are the most commonly used reference points: the memory of price failing to rise or finding support at a certain level last time often influences buying and selling when it returns there.
Many people use key levels as a reference for risk management: which side of the level they hold a position on and where they set their stop-loss are more practical considerations than trying to guess the direction.
Cross-checking multiple data points is more reliable than looking at just one, but even more signals canโt provide a definitive answer.
#BAT
A large number of stop-loss orders tend to cluster near key levels, so letโs first talk about why they matter.
Previous highs and lows are the most commonly used reference points: the memory of price failing to rise or finding support at a certain level last time often influences buying and selling when it returns there.
Many people use key levels as a reference for risk management: which side of the level they hold a position on and where they set their stop-loss are more practical considerations than trying to guess the direction.
Cross-checking multiple data points is more reliable than looking at just one, but even more signals canโt provide a definitive answer.
#BAT