$ICNT breaks through the 0.3 level.
Folks, why do round-number levels matter? Here’s the short version 👇
There are often plenty of stop-loss orders clustered around these levels. If the price breaks through, those stops can be triggered all at once, often causing volatility to spike.
The first pullback after a breakout is often seen as a test: if the price holds near the level, that strengthens the case that resistance has turned into support.
It’s safer when several indicators confirm one another than when you rely on just one, but even a whole set of indicators can’t give you a definite answer.
Folks, why do round-number levels matter? Here’s the short version 👇
There are often plenty of stop-loss orders clustered around these levels. If the price breaks through, those stops can be triggered all at once, often causing volatility to spike.
The first pullback after a breakout is often seen as a test: if the price holds near the level, that strengthens the case that resistance has turned into support.
It’s safer when several indicators confirm one another than when you rely on just one, but even a whole set of indicators can’t give you a definite answer.