Indicator Notes | $MEW | Breaking through the 0.0005 level
First, the definition: The longer it has been since the price last reached this level, the more the distribution of holdings around it is likely to have changed. Past support and resistance may no longer hold.
Next, how to read it: Round-number levels carry different weight for different coins. Many people watch major round-number levels for leading coins, while round numbers tend to be much less meaningful for smaller coins.
Extreme readings often signal greater volatility. In such situations, it’s better to reduce leverage rather than make a large bet.
Markets involve risk. Trade with caution.
First, the definition: The longer it has been since the price last reached this level, the more the distribution of holdings around it is likely to have changed. Past support and resistance may no longer hold.
Next, how to read it: Round-number levels carry different weight for different coins. Many people watch major round-number levels for leading coins, while round numbers tend to be much less meaningful for smaller coins.
Extreme readings often signal greater volatility. In such situations, it’s better to reduce leverage rather than make a large bet.
Markets involve risk. Trade with caution.