A friend asked me why I set my take-profit at 1486 for SNDK. On the candlestick chart, 1500 is indeed a resistance level. But around 1490 is essentially the same as 1500—it’s still within the resistance zone. Many traders prefer placing orders exactly at round numbers like support or resistance levels. This habit isn’t ideal—whether trading spot or futures, price often reverses just before these round levels. Yesterday, I originally intended to place my order at 1492, but I opted for 1486 to be more conservative. There’s really no meaningful difference between 1486 and 1500, so withdrawing early maximizes the chance of catching a rebound. Otherwise, you’re likely to get tossed around like a rollercoaster—and even end up losing money.
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