$NEAR falls below the 5 level.
I used to wonder why everyone paid so much attention to round-number levels. It gradually dawned on me: the levels themselves have no magic; it’s just that so many people watch them and place stop-losses nearby, making price movements more volatile when the price reaches them.
Indicators can fail, but risk management shouldn’t be skipped: deciding in advance what to do if you’re wrong is more important than guessing whether you’re right.
#NEAR
Personal notes, not trading advice.
I used to wonder why everyone paid so much attention to round-number levels. It gradually dawned on me: the levels themselves have no magic; it’s just that so many people watch them and place stop-losses nearby, making price movements more volatile when the price reaches them.
Indicators can fail, but risk management shouldn’t be skipped: deciding in advance what to do if you’re wrong is more important than guessing whether you’re right.
#NEAR
Personal notes, not trading advice.