$ICNT broke through the 0.2 mark.
Everyone, why do round-number levels matter? Here’s the short version 👇
Previous highs and lows are the most commonly used reference points. The memory of prices failing to rise above or finding support at those levels can often influence decisions when the price returns to them.
When a price revisits a level after a long time, people who bought around that area may sell to break even or add to their positions, so trading activity often becomes more concentrated.
The same data can mean completely different things in different market conditions, so don’t apply any one rule blindly.
Everyone, why do round-number levels matter? Here’s the short version 👇
Previous highs and lows are the most commonly used reference points. The memory of prices failing to rise above or finding support at those levels can often influence decisions when the price returns to them.
When a price revisits a level after a long time, people who bought around that area may sell to break even or add to their positions, so trading activity often becomes more concentrated.
The same data can mean completely different things in different market conditions, so don’t apply any one rule blindly.