$ICNT broke through the 0.35 level.
Where did this number come from?
Previous highs and lows are common key price levels: the memory of being turned back or finding a floor there last time often influences decisions when the price returns.
The first pullback after a breakout is often seen as a test: if the price can stabilize near the level, the idea that resistance has turned into support is more credible.
Multiple data points corroborating one another is more reliable than looking at just one, but even more signals still can’t provide a definitive answer.
#ICNT
Where did this number come from?
Previous highs and lows are common key price levels: the memory of being turned back or finding a floor there last time often influences decisions when the price returns.
The first pullback after a breakout is often seen as a test: if the price can stabilize near the level, the idea that resistance has turned into support is more credible.
Multiple data points corroborating one another is more reliable than looking at just one, but even more signals still can’t provide a definitive answer.
#ICNT