Indicator Notes｜$ZRO ｜Breaking through the 1.8 level
Definition: The longer it has been since the price last reached this level, the more the distribution of positions around this area may have changed. The balance of bullish and bearish forces from the past may no longer hold.
How to read it: Volatility can easily increase around this level. Leveraged traders should leave more room here; stop-losses set too close to a round number can easily be triggered.
Leave enough margin for leveraged positions, and don’t let one sudden swing wipe out your position.
#ZRO
Definition: The longer it has been since the price last reached this level, the more the distribution of positions around this area may have changed. The balance of bullish and bearish forces from the past may no longer hold.
How to read it: Volatility can easily increase around this level. Leveraged traders should leave more room here; stop-losses set too close to a round number can easily be triggered.
Leave enough margin for leveraged positions, and don’t let one sudden swing wipe out your position.
#ZRO
