$OP fell below the 0.11 level.
A lot of orders often cluster around key levels, so let’s first understand why these price points matter.
Even among round-number levels, the larger the number, the more people tend to watch it. For example, major levels like whole thousands or hundred-thousands attract more attention than ordinary round numbers.
Breaking through a key level only shows that one side has the upper hand at that moment. Whether the move continues depends on the next key levels ahead and whether trading volume can be sustained.
Understanding an indicator is meant to keep a single number from spooking you, not to predict price movements with certainty.
#OP
Use it as a reference, but don’t take it as gospel.
A lot of orders often cluster around key levels, so let’s first understand why these price points matter.
Even among round-number levels, the larger the number, the more people tend to watch it. For example, major levels like whole thousands or hundred-thousands attract more attention than ordinary round numbers.
Breaking through a key level only shows that one side has the upper hand at that moment. Whether the move continues depends on the next key levels ahead and whether trading volume can be sustained.
Understanding an indicator is meant to keep a single number from spooking you, not to predict price movements with certainty.
#OP
Use it as a reference, but don’t take it as gospel.
