A quick note:
$IDOL fell below the 0.03 level.
People often ask what key price levels mean. Here’s how I understand them.
A support level is an area where the price has repeatedly stopped falling; a resistance level is an area where the price has repeatedly failed to rise further.
The levels themselves don’t determine which way the price will move. They’re more like areas where buyers and sellers tend to clash, and the outcome depends on trading activity.
It’s more reliable to look for confirmation from several data points than to focus on just one, but even a large number of indicators can’t provide a definite answer.
#IDOL The data is from public sources. Please verify it independently.