Here's something that just happened: $ICNT broke above the 0.19 level, 75 days since it last reached this point.
On a candlestick chart, round-number levels are just ordinary numbers. To people, though, they can feel like psychological barriers.
On a more serious note, there are often plenty of stop-loss orders around these levels. If the price breaks through, those stops can be triggered all at once, and volatility often spikes suddenly.
Don't change your plan just because of a number, and don't use borrowed money to test a hunch.
#ICNT
On a candlestick chart, round-number levels are just ordinary numbers. To people, though, they can feel like psychological barriers.
On a more serious note, there are often plenty of stop-loss orders around these levels. If the price breaks through, those stops can be triggered all at once, and volatility often spikes suddenly.
Don't change your plan just because of a number, and don't use borrowed money to test a hunch.
#ICNT