đ§ $ICNT breaks through the 0.19 level.
ăOne-Minute ExplainerăHow should you understand support and resistance?
Previous highs and lows are commonly used reference levels. The memory of price being rejected or holding at those levels can influence buying and selling when it returns.
Itâs common for price to break through a level and then retreat, so many people wait for the candle to close and hold above it rather than chasing the move the moment it breaks through.
Leave enough room in leveraged positionsâdonât let a single wick liquidate your position.
ăOne-Minute ExplainerăHow should you understand support and resistance?
Previous highs and lows are commonly used reference levels. The memory of price being rejected or holding at those levels can influence buying and selling when it returns.
Itâs common for price to break through a level and then retreat, so many people wait for the candle to close and hold above it rather than chasing the move the moment it breaks through.
Leave enough room in leveraged positionsâdonât let a single wick liquidate your position.