$ICNT lost the 0.35 level, with the current price at 0.3418.
Around key price levels, I usually look at three things:
① Holding: An intraday dip below doesn’t count; it’s a genuine break only if the entire candlestick closes below 0.35.
② Retest: Can the price reclaim the 0.35 area on a bounce? If it can’t close back above, support has turned into resistance.
③ Volume: Did trading volume pick up during the break? Breaks on low volume are more likely to be reversed.
NFA, DYOR.
Around key price levels, I usually look at three things:
① Holding: An intraday dip below doesn’t count; it’s a genuine break only if the entire candlestick closes below 0.35.
② Retest: Can the price reclaim the 0.35 area on a bounce? If it can’t close back above, support has turned into resistance.
③ Volume: Did trading volume pick up during the break? Breaks on low volume are more likely to be reversed.
NFA, DYOR.