Market Notes | $IDOL | Lost the 0.013 level
Definition: The longer it has been since the price last reached this level, the more the distribution of holdings around it is likely to have changed. The support or resistance from back then may no longer hold.
How to read it: Volatility can increase near key levels. Leveraged traders should leave more room here; if your stop-loss is set too close to a round number, it can easily get swept in a single move.
Indicators can fail, but you shouldn’t skip stop-losses: deciding in advance what to do if your judgment is wrong matters more than predicting correctly.
#IDOL
Definition: The longer it has been since the price last reached this level, the more the distribution of holdings around it is likely to have changed. The support or resistance from back then may no longer hold.
How to read it: Volatility can increase near key levels. Leveraged traders should leave more room here; if your stop-loss is set too close to a round number, it can easily get swept in a single move.
Indicators can fail, but you shouldn’t skip stop-losses: deciding in advance what to do if your judgment is wrong matters more than predicting correctly.
#IDOL