$ZRO fell below the 1.9 level.
There are often plenty of orders clustered around key levels. Let’s first talk about why these price levels matter.
Round-number levels are considered important because traders tend to place limit orders and take-profit orders around them. This can cause orders to cluster in that area, which is why they’re also called psychological levels.
Don’t change your strategy based solely on a particular number, and definitely don’t use borrowed money to test a reading.
#ZRO
There are often plenty of orders clustered around key levels. Let’s first talk about why these price levels matter.
Round-number levels are considered important because traders tend to place limit orders and take-profit orders around them. This can cause orders to cluster in that area, which is why they’re also called psychological levels.
Don’t change your strategy based solely on a particular number, and definitely don’t use borrowed money to test a reading.
#ZRO