Indicator Notes｜$ON ｜Falls below the 0.08 threshold
Definition: Even among round-number thresholds, the larger the number, the more attention it tends to attract. For example, major thresholds such as 10,000 or 100,000 draw more attention than ordinary round numbers.
Common interpretation: When a price returns to a level after a long time, it often encounters people who bought around that level earlier and are looking to break even and exit or add to their positions. Trading activity usually picks up as a result.
Indicators can fail, so don’t skip stop-losses: Thinking in advance about what to do if your judgment is wrong is more important than getting your prediction right.
Definition: Even among round-number thresholds, the larger the number, the more attention it tends to attract. For example, major thresholds such as 10,000 or 100,000 draw more attention than ordinary round numbers.
Common interpretation: When a price returns to a level after a long time, it often encounters people who bought around that level earlier and are looking to break even and exit or add to their positions. Trading activity usually picks up as a result.
Indicators can fail, so don’t skip stop-losses: Thinking in advance about what to do if your judgment is wrong is more important than getting your prediction right.