$IDOL has fallen below the 0.03 mark.
A beginner asks a soul-searching question: Why are round-number levels important?
Even among round-number levels, the larger the number, the more people tend to watch it. For example, major levels like 10,000 or 100,000 attract more attention than ordinary round numbers.
On a candlestick chart, a level is just a number, but to people, it’s a psychological line of defense.
Understanding this indicator is meant to keep you from being spooked by a single number, not to predict whether prices will rise or fall.
A beginner asks a soul-searching question: Why are round-number levels important?
Even among round-number levels, the larger the number, the more people tend to watch it. For example, major levels like 10,000 or 100,000 attract more attention than ordinary round numbers.
On a candlestick chart, a level is just a number, but to people, it’s a psychological line of defense.
Understanding this indicator is meant to keep you from being spooked by a single number, not to predict whether prices will rise or fall.