$IRYS fell below the 0.025 level.
A beginner’s burning question: Why do round-number levels matter?
A support level is a price range where prices have repeatedly stopped falling in the past. A resistance level is an area where prices have repeatedly failed to rise further.
Breaking through a level only means that one side has the upper hand at that moment. How much further the price can go depends on where the next key level is and whether trading volume can be sustained.
The same data can mean very different things in different market conditions, so don’t blindly apply any single rule of thumb.
#IRYS
A beginner’s burning question: Why do round-number levels matter?
A support level is a price range where prices have repeatedly stopped falling in the past. A resistance level is an area where prices have repeatedly failed to rise further.
Breaking through a level only means that one side has the upper hand at that moment. How much further the price can go depends on where the next key level is and whether trading volume can be sustained.
The same data can mean very different things in different market conditions, so don’t blindly apply any single rule of thumb.
#IRYS