$AGT fell below the 0.06 level (currently at 0.06021, back above the level).
There are often quite a few stop-loss orders around key levels, so let’s first talk about why they matter.
Previous highs and lows are common reference points: the memory of price failing to rise further or finding support at a certain level last time can often influence decisions when the price reaches it again.
The same data can mean very different things in different market conditions, so don’t blindly apply a one-size-fits-all rule.
There are often quite a few stop-loss orders around key levels, so let’s first talk about why they matter.
Previous highs and lows are common reference points: the memory of price failing to rise further or finding support at a certain level last time can often influence decisions when the price reaches it again.
The same data can mean very different things in different market conditions, so don’t blindly apply a one-size-fits-all rule.