$HYPE Breaks above the 85 level.
A beginner’s burning question: Why do round-number levels matter?
There are often many stop-loss orders clustered near these levels. Once the price moves past one, those stops are triggered together, and volatility can suddenly increase.
Volatility often intensifies near these levels, so leveraged traders need to leave more room here. If your stop-loss is set too close to a round number, it can easily get taken out.
All indicators summarize market movements that have already happened; the market can move in the opposite direction at any time.
#HYPE
A beginner’s burning question: Why do round-number levels matter?
There are often many stop-loss orders clustered near these levels. Once the price moves past one, those stops are triggered together, and volatility can suddenly increase.
Volatility often intensifies near these levels, so leveraged traders need to leave more room here. If your stop-loss is set too close to a round number, it can easily get taken out.
All indicators summarize market movements that have already happened; the market can move in the opposite direction at any time.
#HYPE