$QNT broke through the 200 mark.
Hey everyone, how do key price levels come about? Here's a quick explanation 👇
Even among round-number levels, the rounder the number, the more attention it tends to attract. For example, major milestones like 10,000 or 100,000 tend to stand out more than ordinary round numbers.
The first rebound after a breakdown is often seen as a litmus test: if the price gets turned back below the level, that lends more credence to the idea that support has turned into resistance.
The point of understanding this indicator is to avoid being spooked by a single number—not to use it to pinpoint tops and bottoms.
Just my personal opinion—don't take it too seriously.
Hey everyone, how do key price levels come about? Here's a quick explanation 👇
Even among round-number levels, the rounder the number, the more attention it tends to attract. For example, major milestones like 10,000 or 100,000 tend to stand out more than ordinary round numbers.
The first rebound after a breakdown is often seen as a litmus test: if the price gets turned back below the level, that lends more credence to the idea that support has turned into resistance.
The point of understanding this indicator is to avoid being spooked by a single number—not to use it to pinpoint tops and bottoms.
Just my personal opinion—don't take it too seriously.
