Indicator Notes｜$MUB ｜Falls below the 800 level
Definition: There are usually a large number of stop-loss orders around key levels. Once the price moves past one, those stops are triggered all at once, often causing volatility to spike.
A common way to read it: The level itself doesn’t determine whether prices rise or fall. It’s more like an area where the bulls and bears are closely contested; ultimately, the direction depends on where the money flows.
Don’t chase trades during the most volatile few minutes. Wait for the candlestick to close before taking another look.
Stay calm. Don’t get carried away.
Definition: There are usually a large number of stop-loss orders around key levels. Once the price moves past one, those stops are triggered all at once, often causing volatility to spike.
A common way to read it: The level itself doesn’t determine whether prices rise or fall. It’s more like an area where the bulls and bears are closely contested; ultimately, the direction depends on where the money flows.
Don’t chase trades during the most volatile few minutes. Wait for the candlestick to close before taking another look.
Stay calm. Don’t get carried away.