$CTK fell below the 0.13 level (current price: 0.1314, now back above it).
Folks, why do round-number levels matter? Here’s the short version 👇
A common rule of thumb: a resistance level that’s decisively broken often becomes support; a support level that’s decisively broken often turns into resistance.
The first rebound after a breakdown is often seen as a test: if the price gets pushed back down near the level, that supports the idea that support has turned into resistance.
Unusually low readings usually signal more extreme volatility. At times like these, it’s better to reduce your position rather than add to it.
#CTK
Folks, why do round-number levels matter? Here’s the short version 👇
A common rule of thumb: a resistance level that’s decisively broken often becomes support; a support level that’s decisively broken often turns into resistance.
The first rebound after a breakdown is often seen as a test: if the price gets pushed back down near the level, that supports the idea that support has turned into resistance.
Unusually low readings usually signal more extreme volatility. At times like these, it’s better to reduce your position rather than add to it.
#CTK