🐋 $DODOX broke below the 0.025 level.
There are often plenty of orders around round-number levels, so let’s first talk about why these levels matter.
Previous highs and lows are common reference points: past experiences of being unable to rise above or being supported at these levels often influence buying and selling when the price returns to them.
Indicators can be wrong, but stop-losses are essential: thinking ahead about what you’ll do if you’re wrong matters more than guessing correctly.
There are often plenty of orders around round-number levels, so let’s first talk about why these levels matter.
Previous highs and lows are common reference points: past experiences of being unable to rise above or being supported at these levels often influence buying and selling when the price returns to them.
Indicators can be wrong, but stop-losses are essential: thinking ahead about what you’ll do if you’re wrong matters more than guessing correctly.
