๐ $XPL broke through the 0.07 level.
A lot of stop-loss orders tend to cluster near key levels, so letโs first understand why these price levels matter.
The more often a price level is tested, the more weight it usually carries in tradersโ minds; however, some argue that repeated tests can also exhaust the resting orders there.
Unusual readings usually indicate greater volatility, so itโs even more important to reduce your position rather than add to it.
#XPL
A lot of stop-loss orders tend to cluster near key levels, so letโs first understand why these price levels matter.
The more often a price level is tested, the more weight it usually carries in tradersโ minds; however, some argue that repeated tests can also exhaust the resting orders there.
Unusual readings usually indicate greater volatility, so itโs even more important to reduce your position rather than add to it.
#XPL
