Today's market trivia: $HBAR fell below the 0.08 level.
To a candlestick chart, a round-number level is just an ordinary number; to us, it's a psychological line of defense.
On a more serious note, round-number levels attract attention because people tend to place orders and take-profit targets near them, causing orders to cluster there. That's why they're also called psychological levels.
Calculating your position size based on your stop-loss distance is much more reliable than just guessing.
To a candlestick chart, a round-number level is just an ordinary number; to us, it's a psychological line of defense.
On a more serious note, round-number levels attract attention because people tend to place orders and take-profit targets near them, causing orders to cluster there. That's why they're also called psychological levels.
Calculating your position size based on your stop-loss distance is much more reliable than just guessing.