🧮 $AIOT breaks through the 0.12 level.
【One-minute explainer】What do support and resistance mean?
Round-number levels attract attention mainly because people tend to place orders and set take-profit levels near them. Orders can cluster around these levels, which is why they’re also called psychological levels.
Breaking through a level only shows that one side has the upper hand at that moment. Whether the move continues depends on where the next key level is and whether trading volume can keep up.
If you’re using leverage, keep plenty of margin so a single wick doesn’t liquidate your position.
#AIOT
【One-minute explainer】What do support and resistance mean?
Round-number levels attract attention mainly because people tend to place orders and set take-profit levels near them. Orders can cluster around these levels, which is why they’re also called psychological levels.
Breaking through a level only shows that one side has the upper hand at that moment. Whether the move continues depends on where the next key level is and whether trading volume can keep up.
If you’re using leverage, keep plenty of margin so a single wick doesn’t liquidate your position.
#AIOT