$ZEC fell below the 1,250 level.
I used to wonder why everyone paid so much attention to round-number levels. Then I realized traders often place orders and take-profit levels around round numbers, so orders tend to cluster there. That naturally concentrates the action around those levels, which gradually become psychological thresholds.
Sizing your position based on your stop-loss distance is much more reliable than just guessing.
I’m only sharing my thoughts; this is not investment advice.
I used to wonder why everyone paid so much attention to round-number levels. Then I realized traders often place orders and take-profit levels around round numbers, so orders tend to cluster there. That naturally concentrates the action around those levels, which gradually become psychological thresholds.
Sizing your position based on your stop-loss distance is much more reliable than just guessing.
I’m only sharing my thoughts; this is not investment advice.