Market Notes｜$BTC ｜Break below the 77,000 level
Definition: Support and resistance are better thought of as zones rather than prices to an exact decimal point. It’s normal for prices to seesaw back and forth within these areas.
A note on how to read this: Volatility can easily increase around key levels. Leveraged traders should leave more room here; placing a stop-loss too close to a round number makes it easy to get stopped out in a sudden move.
Extreme readings often come with larger swings. At times like these, it’s better to reduce leverage rather than add to your position.
Definition: Support and resistance are better thought of as zones rather than prices to an exact decimal point. It’s normal for prices to seesaw back and forth within these areas.
A note on how to read this: Volatility can easily increase around key levels. Leveraged traders should leave more room here; placing a stop-loss too close to a round number makes it easy to get stopped out in a sudden move.
Extreme readings often come with larger swings. At times like these, it’s better to reduce leverage rather than add to your position.