$ICNT broke through the 0.18 level.
Let's use this data to talk about round-number levels.
A support level is an area where prices have repeatedly found a floor on the way down. A resistance level (also called a pressure level) is an area where prices have repeatedly failed to rise above.
It's common for prices to break through a level and then pull back, so many people wait for the candle to close and hold above it before taking the move seriously, rather than jumping in the moment it breaks through.
Don't chase trades during the few minutes when volatility is at its highest. Wait for the candle to close before deciding.
#ICNT
Let's use this data to talk about round-number levels.
A support level is an area where prices have repeatedly found a floor on the way down. A resistance level (also called a pressure level) is an area where prices have repeatedly failed to rise above.
It's common for prices to break through a level and then pull back, so many people wait for the candle to close and hold above it before taking the move seriously, rather than jumping in the moment it breaks through.
Don't chase trades during the few minutes when volatility is at its highest. Wait for the candle to close before deciding.
#ICNT