$INJ ｜Failed to hold the 8 level
Why do round-number levels matter? A commonly cited rule of thumb is that a resistance level that is decisively broken often becomes support, while a support level that is decisively broken often becomes resistance.
It’s common for prices to break through a level and then retreat, so many people prefer to wait for the closing price to confirm the move rather than follow it the moment it breaks through.
Unusual data often comes with more dramatic volatility. At times like these, it’s better to reduce your position rather than increase it.
For reference only; you assume all risks.
Why do round-number levels matter? A commonly cited rule of thumb is that a resistance level that is decisively broken often becomes support, while a support level that is decisively broken often becomes resistance.
It’s common for prices to break through a level and then retreat, so many people prefer to wait for the closing price to confirm the move rather than follow it the moment it breaks through.
Unusual data often comes with more dramatic volatility. At times like these, it’s better to reduce your position rather than increase it.
For reference only; you assume all risks.