$ICNT broke through the 0.19 level.
Let’s use this data to talk about key price levels.
Support and resistance are more like zones than precise price points, so it’s normal for the price to test the area back and forth.
It’s common to break through a level and then fall back below it, so many people prefer to wait for the candle to close and hold above the level rather than chasing the price the moment it breaks through.
Sizing your position based on where you place your stop-loss is much more reliable than choosing a position size by gut feel.
Let’s use this data to talk about key price levels.
Support and resistance are more like zones than precise price points, so it’s normal for the price to test the area back and forth.
It’s common to break through a level and then fall back below it, so many people prefer to wait for the candle to close and hold above the level rather than chasing the price the moment it breaks through.
Sizing your position based on where you place your stop-loss is much more reliable than choosing a position size by gut feel.