$ENA broke below the 0.15 level.
I used to wonder why everyone paid so much attention to round-number levels. It gradually dawned on me: the levels themselves have no magic. It’s because everyone watches them and places orders nearby, so price movements become more pronounced when the price reaches them.
It’s not unusual for the price to break through a level and then retreat, so many people are in the habit of waiting for the candle to close for confirmation before taking it seriously, rather than chasing the move the moment it breaks through.
Don’t let a particular number disrupt your original plan, and never gamble on a price reading with borrowed money.
#ENA
This is just my personal opinion, not investment advice.
I used to wonder why everyone paid so much attention to round-number levels. It gradually dawned on me: the levels themselves have no magic. It’s because everyone watches them and places orders nearby, so price movements become more pronounced when the price reaches them.
It’s not unusual for the price to break through a level and then retreat, so many people are in the habit of waiting for the candle to close for confirmation before taking it seriously, rather than chasing the move the moment it breaks through.
Don’t let a particular number disrupt your original plan, and never gamble on a price reading with borrowed money.
#ENA
This is just my personal opinion, not investment advice.