$ICNT broke through the 0.14 level.
Let’s use this number to break down the key price levels.
A large number of stop-loss orders typically cluster around key levels. Once the price breaks through, these stops are triggered all at once, and volatility can suddenly spike.
It’s common for the price to break through a level and then fall back below it. That’s why many people prefer to wait for the candle to close and confirm the breakout, rather than jumping in the moment it happens.
The point of understanding an indicator is to be less intimidated by the numbers—not to use it to predict market tops and bottoms.
#ICNT
Let’s use this number to break down the key price levels.
A large number of stop-loss orders typically cluster around key levels. Once the price breaks through, these stops are triggered all at once, and volatility can suddenly spike.
It’s common for the price to break through a level and then fall back below it. That’s why many people prefer to wait for the candle to close and confirm the breakout, rather than jumping in the moment it happens.
The point of understanding an indicator is to be less intimidated by the numbers—not to use it to predict market tops and bottoms.
#ICNT