$ICNT has moved above the 0.195 level and is currently trading at 0.1984.
The round-number level itself has no special significance, but limit orders, stop-losses, and psychological expectations tend to cluster around it, so the tug-of-war between bulls and bears is often repeated.
The key is whether it can hold 0.195 on a pullback. If it does, resistance turns into support. What would you do—make a move or wait a little longer?
The round-number level itself has no special significance, but limit orders, stop-losses, and psychological expectations tend to cluster around it, so the tug-of-war between bulls and bears is often repeated.
The key is whether it can hold 0.195 on a pullback. If it does, resistance turns into support. What would you do—make a move or wait a little longer?