$BEAT ｜Breaking through the 0.1 level
Before discussing funds, first understand the key price levels.
There are often many stop-loss orders placed near key levels. Once the price moves past one, those stops can be triggered all at once, causing volatility to spike suddenly.
Breaking through a key level only means one side has the upper hand at that moment. How much further the price can go depends on where the next key level is and whether funds can keep flowing in.
It’s more reliable to look for confirmation from multiple indicators than to rely on just one, but even more signals can’t provide a definitive answer.
Before discussing funds, first understand the key price levels.
There are often many stop-loss orders placed near key levels. Once the price moves past one, those stops can be triggered all at once, causing volatility to spike suddenly.
Breaking through a key level only means one side has the upper hand at that moment. How much further the price can go depends on where the next key level is and whether funds can keep flowing in.
It’s more reliable to look for confirmation from multiple indicators than to rely on just one, but even more signals can’t provide a definitive answer.