$ON ｜Broke below the 0.17 level
Before looking at fund flows, first understand the key price levels.
Round-number levels attract attention because people tend to place orders and stop-losses near them. Orders can cluster at these levels, which are also called psychological levels.
Breaking through a level only means that one side had the upper hand at that moment. How far the price can go afterward depends on where the next key level is and whether trading volume can keep up.
Leave more room when using leverage. Don’t let a single wick knock you out of your position.
#ON
Before looking at fund flows, first understand the key price levels.
Round-number levels attract attention because people tend to place orders and stop-losses near them. Orders can cluster at these levels, which are also called psychological levels.
Breaking through a level only means that one side had the upper hand at that moment. How far the price can go afterward depends on where the next key level is and whether trading volume can keep up.
Leave more room when using leverage. Don’t let a single wick knock you out of your position.
#ON