🐋 $PEPE breaks through the 0.0₅5 level.
A lot of orders tend to cluster around whole-number levels, so let’s first talk about why key price levels matter.
Previous highs and lows are the most commonly used key levels: the memory of being unable to rise further or fall lower at those levels last time can influence decisions when the price returns.
A level itself doesn’t determine the direction; it’s more a point where buyers and sellers clash most intensely. The outcome depends on trading activity.
Calculating your position size based on where you place your stop-loss is much more reliable than making a guess.
A lot of orders tend to cluster around whole-number levels, so let’s first talk about why key price levels matter.
Previous highs and lows are the most commonly used key levels: the memory of being unable to rise further or fall lower at those levels last time can influence decisions when the price returns.
A level itself doesn’t determine the direction; it’s more a point where buyers and sellers clash most intensely. The outcome depends on trading activity.
Calculating your position size based on where you place your stop-loss is much more reliable than making a guess.
