$ORDER fell below the 0.04 level.
Folks, why do round-number levels matter? Here’s the short version👇
The more often a price level is tested, the more it tends to stand out in people’s minds. But some say repeated tests can also weaken the orders resting there.
Price swings can intensify around these levels, so leveraged traders should be especially cautious and leave themselves room. If your stop-loss is set too close to a round number, a sudden move can take you out.
Learning to read indicators isn’t hard; the hard part is sticking to your plan when the market gets heated.
#ORDER
Folks, why do round-number levels matter? Here’s the short version👇
The more often a price level is tested, the more it tends to stand out in people’s minds. But some say repeated tests can also weaken the orders resting there.
Price swings can intensify around these levels, so leveraged traders should be especially cautious and leave themselves room. If your stop-loss is set too close to a round number, a sudden move can take you out.
Learning to read indicators isn’t hard; the hard part is sticking to your plan when the market gets heated.
#ORDER