Just saw: $IDOL broke through the 0.025 level.
People often ask what key price levels mean, so here's my take.
Even among round-number levels, the rounder the number, the more people tend to watch it. For example, major milestones like whole tens of thousands or hundreds of thousands attract more attention than ordinary round numbers.
A level itself doesn't determine the direction; it's more like a point where the bulls and bears clash intensely. The outcome depends on the flow of funds.
Comparing several indicators is more reliable than looking at just one, but no number of signals can provide a definitive conclusion.
People often ask what key price levels mean, so here's my take.
Even among round-number levels, the rounder the number, the more people tend to watch it. For example, major milestones like whole tens of thousands or hundreds of thousands attract more attention than ordinary round numbers.
A level itself doesn't determine the direction; it's more like a point where the bulls and bears clash intensely. The outcome depends on the flow of funds.
Comparing several indicators is more reliable than looking at just one, but no number of signals can provide a definitive conclusion.
