$ZEC is above the 1,150 mark.
I used to wonder why everyone paid so much attention to round-number levels. Then I finally understood: traders like to place orders and stop-losses around round numbers, so orders tend to cluster there. Naturally, buying and selling become more intense near those levels, and over time they turn into psychological barriers.
Sizing your position by working backward from where you’ll place your stop-loss is much more reliable than picking a size off the top of your head.
#ZEC
I used to wonder why everyone paid so much attention to round-number levels. Then I finally understood: traders like to place orders and stop-losses around round numbers, so orders tend to cluster there. Naturally, buying and selling become more intense near those levels, and over time they turn into psychological barriers.
Sizing your position by working backward from where you’ll place your stop-loss is much more reliable than picking a size off the top of your head.
#ZEC