Just a quick note: $SHELL fell below the 0.025 level.
People often ask what a key price level means. Here’s how I understand it.
There are often lots of stop-loss orders clustered around key levels. If the price breaks through one, those stop-losses are triggered all at once, and volatility can suddenly increase.
Many people use key levels as anchors for managing their positions: which side of the level to hold a position on and where to place a stop-loss are more practical considerations than predicting whether the price will rise or fall.
Calculating your position size based on where you place your stop-loss is much more reliable than placing orders on a hunch.
#SHELL
People often ask what a key price level means. Here’s how I understand it.
There are often lots of stop-loss orders clustered around key levels. If the price breaks through one, those stop-losses are triggered all at once, and volatility can suddenly increase.
Many people use key levels as anchors for managing their positions: which side of the level to hold a position on and where to place a stop-loss are more practical considerations than predicting whether the price will rise or fall.
Calculating your position size based on where you place your stop-loss is much more reliable than placing orders on a hunch.
#SHELL