A note: $AGT fell below the 0.035 level.
People often ask what key price levels mean, so here’s my take.
There are usually quite a few stop-loss orders clustered around these levels. If the price moves past one, those stop-losses can be triggered all at once, often causing volatility to suddenly spike.
The level itself doesn’t determine the direction. It’s more a point where the tug-of-war between buyers and sellers is most concentrated; ultimately, the direction is determined by the flow of funds.
All indicators describe price movements that have already happened, and the price can certainly move in the opposite direction.
Just a note for the record, not trading advice.
People often ask what key price levels mean, so here’s my take.
There are usually quite a few stop-loss orders clustered around these levels. If the price moves past one, those stop-losses can be triggered all at once, often causing volatility to suddenly spike.
The level itself doesn’t determine the direction. It’s more a point where the tug-of-war between buyers and sellers is most concentrated; ultimately, the direction is determined by the flow of funds.
All indicators describe price movements that have already happened, and the price can certainly move in the opposite direction.
Just a note for the record, not trading advice.