$MAGMA ｜Broke below the 0.4 level
How are key price levels determined? Round-number levels attract attention mainly because traders tend to place orders and stop-losses near round numbers, so orders often cluster around those levels, which are also called psychological levels.
Round-number levels mean different things for different coins: more people pay attention to major round-number levels for mainstream coins, while they often matter much less for small-cap coins.
For leveraged positions, first calculate whether you can withstand the worst-case outcome, and then look at what the indicators are saying.
How are key price levels determined? Round-number levels attract attention mainly because traders tend to place orders and stop-losses near round numbers, so orders often cluster around those levels, which are also called psychological levels.
Round-number levels mean different things for different coins: more people pay attention to major round-number levels for mainstream coins, while they often matter much less for small-cap coins.
For leveraged positions, first calculate whether you can withstand the worst-case outcome, and then look at what the indicators are saying.