🐋 $PLAY broke below the 0.008 level.
There are often plenty of orders around key levels, so let's first talk about why they matter.
The longer it's been since the price last reached this level, the more the distribution of positions around it may have changed. The support or resistance from back then may no longer hold.
Many people use key levels as a reference for managing positions: which side of the level to hold a position on and where to set a stop-loss are more practical considerations than guessing whether the price will rise or fall.
Learning to read indicators is easy; the hard part is still following the rules when emotions are running high.
#PLAY
This is not a recommendation. Make your own decisions about buying and selling.
There are often plenty of orders around key levels, so let's first talk about why they matter.
The longer it's been since the price last reached this level, the more the distribution of positions around it may have changed. The support or resistance from back then may no longer hold.
Many people use key levels as a reference for managing positions: which side of the level to hold a position on and where to set a stop-loss are more practical considerations than guessing whether the price will rise or fall.
Learning to read indicators is easy; the hard part is still following the rules when emotions are running high.
#PLAY
This is not a recommendation. Make your own decisions about buying and selling.
