$MAGMA has fallen below the 0.35 level.
There are often a lot of stop-loss orders clustered around round-number levels, so let’s first understand why key price levels matter.
The longer it’s been since the price last reached this level, the more the distribution of positions around it may have changed. The balance of bullish and bearish forces at the time may no longer hold.
Leave enough room in your futures positions—don’t let a single wick force you out.
@Binance BiBi
#MAGMA
There are often a lot of stop-loss orders clustered around round-number levels, so let’s first understand why key price levels matter.
The longer it’s been since the price last reached this level, the more the distribution of positions around it may have changed. The balance of bullish and bearish forces at the time may no longer hold.
Leave enough room in your futures positions—don’t let a single wick force you out.
@Binance BiBi
#MAGMA