$USELESS fell below the 0.16 level.
I used to wonder why everyone watched round-number levels. Then I realized: traders like to place orders and stop-losses around round numbers, so orders cluster there and buying and selling naturally become more concentrated. Over time, these levels become psychological thresholds.
Breaking through a level only shows that one side has the upper hand at that moment. How far the price can go afterward depends on where the next level is and whether funds can keep flowing in.
Leave enough room when using leverage, and don’t let a sudden price swing close out your position.
In highly volatile markets, risk management comes first.
I used to wonder why everyone watched round-number levels. Then I realized: traders like to place orders and stop-losses around round numbers, so orders cluster there and buying and selling naturally become more concentrated. Over time, these levels become psychological thresholds.
Breaking through a level only shows that one side has the upper hand at that moment. How far the price can go afterward depends on where the next level is and whether funds can keep flowing in.
Leave enough room when using leverage, and don’t let a sudden price swing close out your position.
In highly volatile markets, risk management comes first.