$JCT broke through the 0.003 level.
Let’s use this data to unpack the idea of a round-number level.
Support and resistance are really zones, not precise decimal-point levels, so it’s perfectly normal for prices to move back and forth as they test this area.
The level itself doesn’t determine whether prices rise or fall. It’s more like the point where the tug-of-war between buyers and sellers is most intense; ultimately, trading activity will show which way things go.
Understanding this indicator is meant to keep you from being intimidated by the numbers, not to use it to predict price movements.
Just my personal opinion, not investment advice.
Let’s use this data to unpack the idea of a round-number level.
Support and resistance are really zones, not precise decimal-point levels, so it’s perfectly normal for prices to move back and forth as they test this area.
The level itself doesn’t determine whether prices rise or fall. It’s more like the point where the tug-of-war between buyers and sellers is most intense; ultimately, trading activity will show which way things go.
Understanding this indicator is meant to keep you from being intimidated by the numbers, not to use it to predict price movements.
Just my personal opinion, not investment advice.