The crypto market drama gets another update: $LINK breaks through the 12 mark.
To prices, a key level is just a number; to people, it’s a psychological line of defense.
Jokes aside, large numbers of stop-loss orders often pile up around key levels. If the price breaks through, those stops may all be triggered at once, causing volatility to spike suddenly.
Indicators can fail, but risk management shouldn’t be skipped: deciding in advance what to do if you’re wrong matters more than getting your predictions right.
To prices, a key level is just a number; to people, it’s a psychological line of defense.
Jokes aside, large numbers of stop-loss orders often pile up around key levels. If the price breaks through, those stops may all be triggered at once, causing volatility to spike suddenly.
Indicators can fail, but risk management shouldn’t be skipped: deciding in advance what to do if you’re wrong matters more than getting your predictions right.