$CYBER fell below the 0.32 level.
Let’s use this number to talk about round-number levels.
Round-number levels get a lot of attention, mainly because traders like to place limit orders and stop-losses near them. Orders tend to cluster around these levels, which is why they’re also called psychological levels.
Many people use these levels as anchors for risk management: which side of the level to enter on and where to place a stop-loss are more practical considerations than trying to guess the direction.
Don’t chase trades during the most volatile few minutes. Wait for the price action to play out before taking a look.
#CYBER
Let’s use this number to talk about round-number levels.
Round-number levels get a lot of attention, mainly because traders like to place limit orders and stop-losses near them. Orders tend to cluster around these levels, which is why they’re also called psychological levels.
Many people use these levels as anchors for risk management: which side of the level to enter on and where to place a stop-loss are more practical considerations than trying to guess the direction.
Don’t chase trades during the most volatile few minutes. Wait for the price action to play out before taking a look.
#CYBER
