$IOST fell below the 0.001 level.
Folks, where do key price levels come from? Here’s the short version.
Common ways to confirm whether a break below a level is valid include: the close is on the other side of the level, a retest fails to reclaim it, and trading volume increases during the breakout.
Moving past a level only means one side has the upper hand at that moment. Whether the move continues depends on where the next levels are and whether trading volume can hold up.
The point of understanding this indicator is to avoid being spooked by a single number—not to use it to predict tops and bottoms.
You’re responsible for your own risk. Just sharing thoughts.
Folks, where do key price levels come from? Here’s the short version.
Common ways to confirm whether a break below a level is valid include: the close is on the other side of the level, a retest fails to reclaim it, and trading volume increases during the breakout.
Moving past a level only means one side has the upper hand at that moment. Whether the move continues depends on where the next levels are and whether trading volume can hold up.
The point of understanding this indicator is to avoid being spooked by a single number—not to use it to predict tops and bottoms.
You’re responsible for your own risk. Just sharing thoughts.