$NEAR ｜Breaking below the 3.7 level
How should you understand support and resistance? There are usually many stop-loss orders clustered around key levels. Once the price breaks through, these stops are triggered all at once, often causing volatility to spike.
Round-number levels mean different things for different coins: major coins attract more attention at key round-number levels, while round numbers tend to be much less useful as reference points for small-cap coins.
Indicators can fail, but stop-losses are essential: deciding in advance what to do if you’re wrong is more important than guessing correctly.
How should you understand support and resistance? There are usually many stop-loss orders clustered around key levels. Once the price breaks through, these stops are triggered all at once, often causing volatility to spike.
Round-number levels mean different things for different coins: major coins attract more attention at key round-number levels, while round numbers tend to be much less useful as reference points for small-cap coins.
Indicators can fail, but stop-losses are essential: deciding in advance what to do if you’re wrong is more important than guessing correctly.
