Indicator Notes｜$AKE ｜Failed to hold the 0.01 level
First, a definition: Round-number levels attract attention because traders like to place orders and stop-losses around them. As a result, orders tend to cluster in that area, which is why these levels are also called psychological levels.
A common interpretation: Volatility often picks up near these levels. Leveraged traders should leave more room here, as stop-losses placed too close to a round number can easily get swept.
Don’t change your trading rhythm because of a single indicator, and never gamble on a reading with borrowed money.
First, a definition: Round-number levels attract attention because traders like to place orders and stop-losses around them. As a result, orders tend to cluster in that area, which is why these levels are also called psychological levels.
A common interpretation: Volatility often picks up near these levels. Leveraged traders should leave more room here, as stop-losses placed too close to a round number can easily get swept.
Don’t change your trading rhythm because of a single indicator, and never gamble on a reading with borrowed money.