🐋 $ON loses the 0.17 level.
A lot of stop-loss orders tend to cluster around key levels, so let’s first talk about why they matter.
Common ways to judge whether a breakout is valid include: the close is on the other side of the level, a retest fails to reclaim it, and volume picks up during the breakout.
Round-number levels mean different things for different coins: many people watch the major round-number levels of large-cap coins, while round numbers tend to matter much less for smaller coins.
Indicators can fail, so don’t skip your stop-loss: deciding in advance what to do if you’re wrong matters more than guessing whether you’re right.
A lot of stop-loss orders tend to cluster around key levels, so let’s first talk about why they matter.
Common ways to judge whether a breakout is valid include: the close is on the other side of the level, a retest fails to reclaim it, and volume picks up during the breakout.
Round-number levels mean different things for different coins: many people watch the major round-number levels of large-cap coins, while round numbers tend to matter much less for smaller coins.
Indicators can fail, so don’t skip your stop-loss: deciding in advance what to do if you’re wrong matters more than guessing whether you’re right.