$IDOL fell below the 0.02 level.
How is this number derived?
The longer it has been since the price last reached this level, the more the positioning around it tends to have changed. Past bullish and bearish forces may no longer be relevant.
Round-number levels mean different things for different coins: many people watch major round-number levels for mainstream coins, while they tend to matter much less for smaller coins.
Rare readings usually indicate more extreme swings. At times like these, it’s better to reduce your position rather than add to it.
#IDOL
How is this number derived?
The longer it has been since the price last reached this level, the more the positioning around it tends to have changed. Past bullish and bearish forces may no longer be relevant.
Round-number levels mean different things for different coins: many people watch major round-number levels for mainstream coins, while they tend to matter much less for smaller coins.
Rare readings usually indicate more extreme swings. At times like these, it’s better to reduce your position rather than add to it.
#IDOL