$LYN ｜Breaking through the 0.02 level
How should you understand support and resistance? There are often many stop-loss orders clustered around key levels. If the price moves past one, those stops can be triggered all at once, often causing volatility to spike.
Round-number levels carry different weight for different coins: many traders watch major round-number levels for leading coins, while round numbers are usually much less useful as reference points for smaller coins.
Don’t chase a trade at the most volatile moment. Wait for the candlestick to close and settle before deciding.
How should you understand support and resistance? There are often many stop-loss orders clustered around key levels. If the price moves past one, those stops can be triggered all at once, often causing volatility to spike.
Round-number levels carry different weight for different coins: many traders watch major round-number levels for leading coins, while round numbers are usually much less useful as reference points for smaller coins.
Don’t chase a trade at the most volatile moment. Wait for the candlestick to close and settle before deciding.
