$DOOD fell below the 0.0025 level, 147 days since it last reached this point.
Guys, why do round-number levels matter? Here's the short version.
Support and resistance are really zones, not prices pinpointed to a decimal place, so it's normal for prices to move back and forth within these areas.
The first retest after a breakout is often seen as a test: if the price can stabilize above the level, that supports the idea that resistance has turned into support.
The same data can mean very different things in different market conditions, so don't blindly apply a single rule.
#DOOD
Guys, why do round-number levels matter? Here's the short version.
Support and resistance are really zones, not prices pinpointed to a decimal place, so it's normal for prices to move back and forth within these areas.
The first retest after a breakout is often seen as a test: if the price can stabilize above the level, that supports the idea that resistance has turned into support.
The same data can mean very different things in different market conditions, so don't blindly apply a single rule.
#DOOD