$EVAA broke through the 1.2 level.
I used to wonder why everyone paid attention to round-number levels. Later, I realized: there’s nothing special about the level itself; it’s just that many people are watching it and placing orders around it, so price tends to react more noticeably when it gets there.
When the price returns to a level after many days, people who bought around that level earlier often take profits by selling or add to their positions, so trading tends to become more active.
All indicators describe past market movements, and the market could just as easily move in the opposite direction.
#EVAA
I used to wonder why everyone paid attention to round-number levels. Later, I realized: there’s nothing special about the level itself; it’s just that many people are watching it and placing orders around it, so price tends to react more noticeably when it gets there.
When the price returns to a level after many days, people who bought around that level earlier often take profits by selling or add to their positions, so trading tends to become more active.
All indicators describe past market movements, and the market could just as easily move in the opposite direction.
#EVAA