$BIRB broke below the 0.09 level.
When I first got into the market, I couldn’t understand why everyone was watching round-number levels. Later, I realized: the levels themselves have no magic; it’s because so many people watch them and place orders around them, so prices tend to react more strongly when they reach these levels.
Round-number levels carry different weight for different coins: more people pay attention to major round-number levels for top coins, while round numbers often mean much less for smaller coins.
Sizing your position based on where you place your stop-loss is much more reliable than trading on gut feeling.
When I first got into the market, I couldn’t understand why everyone was watching round-number levels. Later, I realized: the levels themselves have no magic; it’s because so many people watch them and place orders around them, so prices tend to react more strongly when they reach these levels.
Round-number levels carry different weight for different coins: more people pay attention to major round-number levels for top coins, while round numbers often mean much less for smaller coins.
Sizing your position based on where you place your stop-loss is much more reliable than trading on gut feeling.