$SNDKB | Fell below the 1,100 level
Before looking at your positions, understand the key price levels.
Round-number levels attract attention mainly because traders tend to place orders and stop-losses near them. This can cause orders to cluster around these levels, which is why they’re also called psychological levels.
These levels don’t determine whether prices rise or fall. They’re simply where buying and selling tend to converge; the outcome depends on trading activity.
Unusually rare data is often accompanied by sharper swings. At times like these, it’s better to reduce leverage than to make a big bet.
#SNDKB
Before looking at your positions, understand the key price levels.
Round-number levels attract attention mainly because traders tend to place orders and stop-losses near them. This can cause orders to cluster around these levels, which is why they’re also called psychological levels.
These levels don’t determine whether prices rise or fall. They’re simply where buying and selling tend to converge; the outcome depends on trading activity.
Unusually rare data is often accompanied by sharper swings. At times like these, it’s better to reduce leverage than to make a big bet.
#SNDKB