$HOT has fallen below the 0.00047 level, with the current price at 0.000465.
The round-number level itself has no magic, but limit orders, stop-losses, and psychological expectations tend to cluster around it, so the tug-of-war between bulls and bears is usually quite drawn out.
The key is whether a rebound can reclaim 0.00047. If it can't, support turns into resistance. What would you do—make a move or wait a little longer?
The round-number level itself has no magic, but limit orders, stop-losses, and psychological expectations tend to cluster around it, so the tug-of-war between bulls and bears is usually quite drawn out.
The key is whether a rebound can reclaim 0.00047. If it can't, support turns into resistance. What would you do—make a move or wait a little longer?