round number

An easy, even price like 100 or 20,000, where lots of people like to buy or sell.

The fuller meaning

A psychologically obvious price such as 100 or 20,000. Many orders cluster at round numbers, so they often act as support or resistance zones; stops placed exactly on them are easy to hit, so traders place them beyond the zone.

round number.

Related words

above-average volume · bounce · break of structure · breakaway gap · breakdown · breakout · broken level · channel · choppy market · common gap