$ICNT ｜Breaking through the 0.3 level
Why do round-number levels matter? Support and resistance are actually price zones, not precise points down to the decimal. It’s perfectly normal for prices to test these levels repeatedly.
Breaking through a level only shows that one side has the upper hand at that moment. Whether the move can continue depends on the next key level ahead and whether the capital flow can be sustained.
Unusually high readings often come with greater volatility. At times like these, it’s better to reduce your position rather than make a heavy bet.
#ICNT
Why do round-number levels matter? Support and resistance are actually price zones, not precise points down to the decimal. It’s perfectly normal for prices to test these levels repeatedly.
Breaking through a level only shows that one side has the upper hand at that moment. Whether the move can continue depends on the next key level ahead and whether the capital flow can be sustained.
Unusually high readings often come with greater volatility. At times like these, it’s better to reduce your position rather than make a heavy bet.
#ICNT