During my lunch break, I saw $BTW break above the 1.75 level.
To prices, round-number levels are just ordinary numbers; to people, they’re psychological barriers.
On a more serious note, a lot of stop-loss orders tend to cluster around these levels. Once the price crosses one, those stops can be triggered all at once, often causing volatility to spike.
Indicators can fail, but risk management shouldn’t be neglected: think in advance about what you’ll do if you’re wrong. That matters more than whether your prediction is right.
To prices, round-number levels are just ordinary numbers; to people, they’re psychological barriers.
On a more serious note, a lot of stop-loss orders tend to cluster around these levels. Once the price crosses one, those stops can be triggered all at once, often causing volatility to spike.
Indicators can fail, but risk management shouldn’t be neglected: think in advance about what you’ll do if you’re wrong. That matters more than whether your prediction is right.