$JCT has fallen below the 0.004 level.
Let’s use this data point to talk about key price levels.
Even among round-number levels, the larger the number, the more people tend to watch it. Major milestones like whole tens of thousands or hundreds of thousands draw more attention than ordinary round numbers.
The first pullback after a breakout is often seen as a test: if the price can hold above the level, that lends more credibility to the idea that resistance has turned into support.
Don’t let a particular number throw off your rhythm, and especially don’t gamble with borrowed money on a single reading.
Let’s use this data point to talk about key price levels.
Even among round-number levels, the larger the number, the more people tend to watch it. Major milestones like whole tens of thousands or hundreds of thousands draw more attention than ordinary round numbers.
The first pullback after a breakout is often seen as a test: if the price can hold above the level, that lends more credibility to the idea that resistance has turned into support.
Don’t let a particular number throw off your rhythm, and especially don’t gamble with borrowed money on a single reading.