$JCT broke through 0.01, 363 days since it was last here.
A newbie asks a genuine question: Why do round-number levels matter?
When it takes longer to return to a price level, the distribution of positions around that area has often changed a lot. Past support and resistance may no longer hold.
The first rebound after a breakdown is often seen as a litmus test: if the price gets rejected near the level, that makes the case for support turning into resistance more convincing.
Leave enough room in leveraged positions—don't let a single long wick liquidate you.
Just sharing some thoughts; how you handle it is up to you.
A newbie asks a genuine question: Why do round-number levels matter?
When it takes longer to return to a price level, the distribution of positions around that area has often changed a lot. Past support and resistance may no longer hold.
The first rebound after a breakdown is often seen as a litmus test: if the price gets rejected near the level, that makes the case for support turning into resistance more convincing.
Leave enough room in leveraged positions—don't let a single long wick liquidate you.
Just sharing some thoughts; how you handle it is up to you.