$AIO breached the 0.04 level. It’s been 24 days since it was last here.
I didn’t understand why everyone kept watching round-number levels, but eventually I got it: there’s nothing special about the levels themselves. It’s because everyone is watching them and placing stop-loss orders around them, so price movements become more volatile when the price reaches these areas.
All the data does is summarize past movements; the market could just as easily move in the opposite direction.
#AIO
I could be wrong too, so don’t follow my advice blindly.
I didn’t understand why everyone kept watching round-number levels, but eventually I got it: there’s nothing special about the levels themselves. It’s because everyone is watching them and placing stop-loss orders around them, so price movements become more volatile when the price reaches these areas.
All the data does is summarize past movements; the market could just as easily move in the opposite direction.
#AIO
I could be wrong too, so don’t follow my advice blindly.
