Latest data: $ICNT | Fell below the 0.155 level
What it means: Previous highs and lows are among the most commonly used key price levels. The memory of being turned back or finding support at a certain price last time can influence decisions when the price reaches that level again.
A common approach: Prices often break through a level and then retreat, so many people prefer to wait for the price to hold above it at the close rather than chase it the moment it breaks through.
With leveraged trading, first work out whether you can withstand the worst-case outcome, then consider what the indicators are saying.
This may not be accurate; use your own judgment.
What it means: Previous highs and lows are among the most commonly used key price levels. The memory of being turned back or finding support at a certain price last time can influence decisions when the price reaches that level again.
A common approach: Prices often break through a level and then retreat, so many people prefer to wait for the price to hold above it at the close rather than chase it the moment it breaks through.
With leveraged trading, first work out whether you can withstand the worst-case outcome, then consider what the indicators are saying.
This may not be accurate; use your own judgment.