Technical Note | $INIT | Fell Below the 0.14 Level
Definition: The more often a price level is tested, the more significant it tends to become in people’s minds. However, some believe that repeated tests can also weaken the support there.
How to read it: Volatility often increases around key levels, so leveraged traders should leave more room here. If your stop-loss is placed too close to a round number, it can easily be triggered by a brief spike.
Don’t let a single number throw off your plan, and don’t gamble borrowed money on a particular prediction.
#INIT
Definition: The more often a price level is tested, the more significant it tends to become in people’s minds. However, some believe that repeated tests can also weaken the support there.
How to read it: Volatility often increases around key levels, so leveraged traders should leave more room here. If your stop-loss is placed too close to a round number, it can easily be triggered by a brief spike.
Don’t let a single number throw off your plan, and don’t gamble borrowed money on a particular prediction.
#INIT