Indicator Notes｜$HOT ｜Breaking through the 0.00045 level
Definition: Round-number levels attract attention because people like to place limit orders and take-profit orders around them. Orders tend to cluster in these areas, which are also known as psychological levels.
How to read it: The first rebound after a breakdown is often seen as a test. If price is rejected below the level, the idea that support has turned into resistance becomes more convincing.
Calculating position size based on where you place your stop-loss is much more reliable than guessing.
#HOT
Definition: Round-number levels attract attention because people like to place limit orders and take-profit orders around them. Orders tend to cluster in these areas, which are also known as psychological levels.
How to read it: The first rebound after a breakdown is often seen as a test. If price is rejected below the level, the idea that support has turned into resistance becomes more convincing.
Calculating position size based on where you place your stop-loss is much more reliable than guessing.
#HOT
