$ENA fell below the 0.22 level.
Let’s use this figure to talk about round-number levels.
A large number of stop-loss orders usually cluster around these levels. Once the price breaks through, those stops are triggered all at once, often causing volatility to spike.
The first pullback after a breakout is often seen as a test: if the price can stabilize near the level, the case for resistance turning into support becomes stronger.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#ENA
Let’s use this figure to talk about round-number levels.
A large number of stop-loss orders usually cluster around these levels. Once the price breaks through, those stops are triggered all at once, often causing volatility to spike.
The first pullback after a breakout is often seen as a test: if the price can stabilize near the level, the case for resistance turning into support becomes stronger.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#ENA