š $SOL broke above the 90 level.
A large number of stop-loss orders are often placed near key levels, so letās first talk about why they matter.
Support and resistance are really price zones, not prices precise to the last digit. Itās normal for prices to test the area repeatedly.
When prices repeatedly cross a key level, stop-losses on both sides can get triggered in quick succession. It may be better to stay on the sidelines until the direction becomes clearer.
Extreme data usually means greater volatility. At times like these, itās even more important to reduce leverage rather than increase your position.
A large number of stop-loss orders are often placed near key levels, so letās first talk about why they matter.
Support and resistance are really price zones, not prices precise to the last digit. Itās normal for prices to test the area repeatedly.
When prices repeatedly cross a key level, stop-losses on both sides can get triggered in quick succession. It may be better to stay on the sidelines until the direction becomes clearer.
Extreme data usually means greater volatility. At times like these, itās even more important to reduce leverage rather than increase your position.