$PUMP fell below the 0.0048 level.
When I first got into the market, I didn’t understand why everyone watched round-number levels. Later, I realized they have no magic of their own—it’s just that everyone watches them and places orders nearby, so prices tend to react more strongly when they reach these levels.
The same reading can mean very different things in different market conditions, so don’t blindly apply a one-size-fits-all rule.
When I first got into the market, I didn’t understand why everyone watched round-number levels. Later, I realized they have no magic of their own—it’s just that everyone watches them and places orders nearby, so prices tend to react more strongly when they reach these levels.
The same reading can mean very different things in different market conditions, so don’t blindly apply a one-size-fits-all rule.