🧨 $UNI falls below the 7 mark!
Don’t rush in—get to grips with the key price levels first 👇
There are often plenty of stop-loss orders around key levels. Once the price breaks through, those stops can be triggered all at once, causing volatility to spike.
Volatility can intensify around key levels, so leveraged positions need extra room here. Stops set too close to round-number levels can easily get swept.
The same reading can mean very different things in different market conditions, so don’t apply any one rule of thumb blindly.
Don’t rush in—get to grips with the key price levels first 👇
There are often plenty of stop-loss orders around key levels. Once the price breaks through, those stops can be triggered all at once, causing volatility to spike.
Volatility can intensify around key levels, so leveraged positions need extra room here. Stops set too close to round-number levels can easily get swept.
The same reading can mean very different things in different market conditions, so don’t apply any one rule of thumb blindly.