Take it easy—hear me out: $QNT has fallen below the 180 mark, 11 days since it last reached this level.
On a candlestick chart, a round-number level is just a number; to people, it’s a psychological line of defense.
Seriously, the more often a price level is tested, the more weight traders tend to give it. But some believe repeated tests can also wear down the support there.
Leave yourself plenty of room when using leverage, so one sudden move doesn’t force you out of your position.
#QNT
On a candlestick chart, a round-number level is just a number; to people, it’s a psychological line of defense.
Seriously, the more often a price level is tested, the more weight traders tend to give it. But some believe repeated tests can also wear down the support there.
Leave yourself plenty of room when using leverage, so one sudden move doesn’t force you out of your position.
#QNT