Market Notes | $BEAMX | Moves above the 0.0047 level
Definition: Round-number levels attract attention mainly because people like to place orders and take-profit targets around them. Orders tend to cluster at these levels, which are also known as psychological levels.
A note on how to read them: Round-number levels carry different weight for different coins. Many people pay attention to major round-number levels for top coins, while round numbers often matter much less for small-cap coins.
With leveraged positions, first consider whether you can withstand the worst-case scenario, then look at what the indicators say.
Definition: Round-number levels attract attention mainly because people like to place orders and take-profit targets around them. Orders tend to cluster at these levels, which are also known as psychological levels.
A note on how to read them: Round-number levels carry different weight for different coins. Many people pay attention to major round-number levels for top coins, while round numbers often matter much less for small-cap coins.
With leveraged positions, first consider whether you can withstand the worst-case scenario, then look at what the indicators say.
