$NEAR fell below the 3.7 threshold.
When I first got into trading, I didn’t understand why everyone paid so much attention to round-number thresholds. It gradually dawned on me: traders tend to place orders and set take-profit levels around round numbers. When enough orders pile up, buying and selling naturally become more concentrated in that range, and it gradually turns into a psychological threshold.
Don’t change your own pace because of a particular number, and don’t gamble on a hunch with borrowed money.
When I first got into trading, I didn’t understand why everyone paid so much attention to round-number thresholds. It gradually dawned on me: traders tend to place orders and set take-profit levels around round numbers. When enough orders pile up, buying and selling naturally become more concentrated in that range, and it gradually turns into a psychological threshold.
Don’t change your own pace because of a particular number, and don’t gamble on a hunch with borrowed money.
