$ICNT breaks through the 0.19 level.
Everyone, how should we understand support and resistance? Here’s a quick explanation 👇
Round-number levels attract attention because traders like to place orders and take-profit targets near them. Orders often cluster around these levels, which are also known as psychological levels.
These levels don’t determine whether prices rise or fall. They’re more like battlegrounds where buyers and sellers clash most fiercely; ultimately, trading activity determines the direction.
Learning to read indicators isn’t hard. The hard part is sticking to your plan when emotions are running high.
Everyone, how should we understand support and resistance? Here’s a quick explanation 👇
Round-number levels attract attention because traders like to place orders and take-profit targets near them. Orders often cluster around these levels, which are also known as psychological levels.
These levels don’t determine whether prices rise or fall. They’re more like battlegrounds where buyers and sellers clash most fiercely; ultimately, trading activity determines the direction.
Learning to read indicators isn’t hard. The hard part is sticking to your plan when emotions are running high.