🚨 $IOST has fallen below the 0.001 level!
Don’t rush—understand key price levels before taking action 👇
A large number of stop-loss orders often cluster around key levels. Once the price breaks through one, those stops can be triggered all at once, often causing volatility to spike.
Many traders use key levels as anchors for managing position size: which side of the level to trade on and where to place a stop-loss are more practical considerations than trying to predict the direction.
Sizing your position based on where you place your stop-loss is far more reliable than trading on gut feel.
#IOST
Don’t rush—understand key price levels before taking action 👇
A large number of stop-loss orders often cluster around key levels. Once the price breaks through one, those stops can be triggered all at once, often causing volatility to spike.
Many traders use key levels as anchors for managing position size: which side of the level to trade on and where to place a stop-loss are more practical considerations than trying to predict the direction.
Sizing your position based on where you place your stop-loss is far more reliable than trading on gut feel.
#IOST