🐋 $ZEC breaks above 1150.
A lot of orders tend to cluster around these levels, so let’s first talk about why key price levels matter.
A support level is an area where a falling price has repeatedly stopped declining in the past. A resistance level is an area where a rising price has repeatedly failed to climb higher.
Volatility often increases around these levels, so leveraged traders need to leave more room. If you set your stop-loss too close to a round number, it can easily get triggered.
Indicators can be wrong, but risk management should never be neglected: it’s more important to plan what you’ll do if you’re wrong than to predict correctly.
Make your own decisions when buying or selling—don’t just follow the crowd.
A lot of orders tend to cluster around these levels, so let’s first talk about why key price levels matter.
A support level is an area where a falling price has repeatedly stopped declining in the past. A resistance level is an area where a rising price has repeatedly failed to climb higher.
Volatility often increases around these levels, so leveraged traders need to leave more room. If you set your stop-loss too close to a round number, it can easily get triggered.
Indicators can be wrong, but risk management should never be neglected: it’s more important to plan what you’ll do if you’re wrong than to predict correctly.
Make your own decisions when buying or selling—don’t just follow the crowd.
