Psychological level
a.k.a. Round number, Big figure level
A round price like 1.1000 or $100 where traders cluster orders, so price often stalls or bounces there.
Humans love round numbers. Stops, targets and limit orders pile up at prices like 1.2000 on GBP/USD, 150.00 on USD/JPY or $50,000 on Bitcoin, turning them into psychological levels.
All those waiting orders make these prices act like support or resistance: price often slows, wobbles or snaps back as it hits them. When one finally breaks, the stops behind it can turn a nudge into a sprint.
Parking your stop-loss exactly on the round number, right where everyone else's gets hunted.
Keep this word for good
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