๐ $ARC has broken through the 0.06 level.
There are often plenty of stop-loss orders around round-number levels, so letโs first talk about why key price levels matter.
Round-number levels attract attention mainly because people like to place orders and stop-losses around them. Orders tend to cluster there, which is why theyโre also called psychological levels.
All indicators summarize past market movements, and the market can just as easily move in the opposite direction.
There are often plenty of stop-loss orders around round-number levels, so letโs first talk about why key price levels matter.
Round-number levels attract attention mainly because people like to place orders and stop-losses around them. Orders tend to cluster there, which is why theyโre also called psychological levels.
All indicators summarize past market movements, and the market can just as easily move in the opposite direction.