$AKE moved above the 0.0023 level.
When I first got into the market, I didn’t understand why everyone was watching round-number levels. Later, I figured it out: these levels aren’t special in themselves; it’s because everyone is watching them and placing stop-loss orders around them that volatility tends to increase when the price reaches them.
Volatility often intensifies around these levels, so leveraged traders need to leave more room here. If your stop-loss is set too close to a round number, it’s easy to get stopped out in a quick move.
All indicators are based on past price movements, and the market can always move in the opposite direction.
When I first got into the market, I didn’t understand why everyone was watching round-number levels. Later, I figured it out: these levels aren’t special in themselves; it’s because everyone is watching them and placing stop-loss orders around them that volatility tends to increase when the price reaches them.
Volatility often intensifies around these levels, so leveraged traders need to leave more room here. If your stop-loss is set too close to a round number, it’s easy to get stopped out in a quick move.
All indicators are based on past price movements, and the market can always move in the opposite direction.