Just saw: $AIOT fell below the 0.16 level.
People often ask what round-number levels mean, so here’s my take.
Common ways to judge whether a breakout is valid include: the price closes on the other side of the level, a retest fails to reclaim it, or trading volume increases as the price crosses it.
It’s not unusual for the price to cross a level and then fall back, so many people wait for confirmation at the close before taking it seriously, rather than jumping in the moment it breaks through.
Confirmation from several indicators is more reliable than relying on just one, but no amount of signals can provide a definitive answer.
People often ask what round-number levels mean, so here’s my take.
Common ways to judge whether a breakout is valid include: the price closes on the other side of the level, a retest fails to reclaim it, or trading volume increases as the price crosses it.
It’s not unusual for the price to cross a level and then fall back, so many people wait for confirmation at the close before taking it seriously, rather than jumping in the moment it breaks through.
Confirmation from several indicators is more reliable than relying on just one, but no amount of signals can provide a definitive answer.