$ICNT broke through the 0.2 level, 75 days since it last reached this point.
A newbie asks a sincere question: Why do round-number levels matter?
There are often plenty of stop-loss orders clustered around these levels. Once the price crosses one, those stop-losses are triggered together, and volatility can suddenly increase.
To a candlestick chart, a round-number level is just a number; to people, it’s a psychological barrier.
All indicators do is summarize past market movements. Prices can turn in the opposite direction at any time.
#ICNT
A newbie asks a sincere question: Why do round-number levels matter?
There are often plenty of stop-loss orders clustered around these levels. Once the price crosses one, those stop-losses are triggered together, and volatility can suddenly increase.
To a candlestick chart, a round-number level is just a number; to people, it’s a psychological barrier.
All indicators do is summarize past market movements. Prices can turn in the opposite direction at any time.
#ICNT