$IDOL has broken below the 0.013 level and is currently at 0.01218.
Round-number levels have no magic in themselves, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so battles between bulls and bears often drag on.
The key is whether a rebound can reclaim 0.013. If it can’t, support turns into resistance. Do you think the market has fully priced this in?
Round-number levels have no magic in themselves, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so battles between bulls and bears often drag on.
The key is whether a rebound can reclaim 0.013. If it can’t, support turns into resistance. Do you think the market has fully priced this in?
