$AKE broke through the 0.005 level, 3 days since it last reached this point.
A one-minute explainer: Where do key price levels come from?
A large number of stop-loss orders tend to cluster around key levels. Once the price breaks through, these stops are triggered all at once, and volatility often suddenly increases.
Round-number levels mean different things for different coins: many people watch major round-number levels for top coins, while round numbers tend to matter much less for smaller coins.
The point of understanding this indicator is to avoid being swayed by a single number—not to use it to pinpoint tops and bottoms.
A one-minute explainer: Where do key price levels come from?
A large number of stop-loss orders tend to cluster around key levels. Once the price breaks through, these stops are triggered all at once, and volatility often suddenly increases.
Round-number levels mean different things for different coins: many people watch major round-number levels for top coins, while round numbers tend to matter much less for smaller coins.
The point of understanding this indicator is to avoid being swayed by a single number—not to use it to pinpoint tops and bottoms.
