Market Notes | $AIOT | Broke Below the 0.09 Level
First, a definition: Even among whole-number levels, the larger the number, the more attention it tends to attract. Major levels such as multiples of ten thousand or one hundred thousand usually stand out more than ordinary whole numbers.
Now, how to read them: Price swings often widen near key levels. Leveraged traders should leave more room here, since placing a stop-loss too close to a whole-number level makes it easy to get stopped out in a quick sweep.
Confirmation from multiple indicators is more reliable than looking at just one, but even multiple indicators can’t provide a definitive conclusion.
#AIOT
First, a definition: Even among whole-number levels, the larger the number, the more attention it tends to attract. Major levels such as multiples of ten thousand or one hundred thousand usually stand out more than ordinary whole numbers.
Now, how to read them: Price swings often widen near key levels. Leveraged traders should leave more room here, since placing a stop-loss too close to a whole-number level makes it easy to get stopped out in a quick sweep.
Confirmation from multiple indicators is more reliable than looking at just one, but even multiple indicators can’t provide a definitive conclusion.
#AIOT