$ICNT broke through the 0.3 level, three days after it last reached this point.
Large numbers of stop-loss orders tend to cluster around round-number levels. Let’s first talk about why key price levels matter.
Support and resistance are really price zones, not precise single price points, so it’s perfectly normal for prices to test these zones repeatedly.
The purpose of understanding this indicator is to avoid being misled by a single number—not to use it to predict price movements precisely.
Large numbers of stop-loss orders tend to cluster around round-number levels. Let’s first talk about why key price levels matter.
Support and resistance are really price zones, not precise single price points, so it’s perfectly normal for prices to test these zones repeatedly.
The purpose of understanding this indicator is to avoid being misled by a single number—not to use it to predict price movements precisely.
