$ICNT has fallen below the 0.18 level.
Let's use this number to talk about key price levels.
The longer it's been since the price last reached this level, the more likely it is that the distribution of positions around it has changed. The balance of bullish and bearish forces from the past may no longer hold.
When the price repeatedly crosses a key level, both bulls and bears can get shaken out. Keeping positions small until the direction becomes clear may be the safer choice.
The point of understanding an indicator is to avoid being misled by the numbers, not to use it to predict price movements accurately.
You take responsibility for your own risk—I'm just sharing some thoughts.
Let's use this number to talk about key price levels.
The longer it's been since the price last reached this level, the more likely it is that the distribution of positions around it has changed. The balance of bullish and bearish forces from the past may no longer hold.
When the price repeatedly crosses a key level, both bulls and bears can get shaken out. Keeping positions small until the direction becomes clear may be the safer choice.
The point of understanding an indicator is to avoid being misled by the numbers, not to use it to predict price movements accurately.
You take responsibility for your own risk—I'm just sharing some thoughts.