Data: $ICNT ｜Breaking through the 0.2 level
Meaning: Previous highs and lows are commonly used reference price levels. The memory of a price failing to rise further or being supported there last time can often influence decisions when it returns to that level.
How to read it: The first pullback after moving above a level is often seen as a test. If the price can stabilize near the level, the idea that resistance has turned into support is more likely to hold.
All indicators summarize price movements that have already happened; the price can absolutely move in the opposite direction.
Just sharing some thoughts—you’re responsible for your own gains and losses.
Meaning: Previous highs and lows are commonly used reference price levels. The memory of a price failing to rise further or being supported there last time can often influence decisions when it returns to that level.
How to read it: The first pullback after moving above a level is often seen as a test. If the price can stabilize near the level, the idea that resistance has turned into support is more likely to hold.
All indicators summarize price movements that have already happened; the price can absolutely move in the opposite direction.
Just sharing some thoughts—you’re responsible for your own gains and losses.