$DOOD breached the 0.002 level.
Let's use this number to talk about key price levels.
A large number of stop-loss orders are often placed around key levels. Once the price breaks through one, these stops are triggered en masse, and volatility can suddenly increase.
Many people treat key levels as anchors for risk management: which side of the level to hold a position on and where to place a stop-loss are more practical considerations than trying to guess the direction.
The point of understanding an indicator is to avoid being misled by numbers, not to use it to predict tops and bottoms.
#DOOD
Let's use this number to talk about key price levels.
A large number of stop-loss orders are often placed around key levels. Once the price breaks through one, these stops are triggered en masse, and volatility can suddenly increase.
Many people treat key levels as anchors for risk management: which side of the level to hold a position on and where to place a stop-loss are more practical considerations than trying to guess the direction.
The point of understanding an indicator is to avoid being misled by numbers, not to use it to predict tops and bottoms.
#DOOD
