$ON broke through the 0.19 level (current price: 0.182, now back below the level). It took 4 days to reach this point again.
Let’s use this number to talk about round-number levels.
There are usually quite a few stop-loss orders around these levels. If the price moves past one, those stop-losses can be triggered all at once, and volatility often suddenly increases.
Round-number levels carry different weight for different coins: more people pay attention to major levels for top coins, while round numbers tend to be much less significant for smaller coins.
Any data only summarizes price movements that have already happened; the market can move in the opposite direction at any time.
#ON
Let’s use this number to talk about round-number levels.
There are usually quite a few stop-loss orders around these levels. If the price moves past one, those stop-losses can be triggered all at once, and volatility often suddenly increases.
Round-number levels carry different weight for different coins: more people pay attention to major levels for top coins, while round numbers tend to be much less significant for smaller coins.
Any data only summarizes price movements that have already happened; the market can move in the opposite direction at any time.
#ON