While killing time at work, I saw that $UAI had broken through the 0.09 mark, 362 days since it last reached this level.
A price level is just a number to the market, but to us, it’s a psychological line of defense.
Here’s a bit of educational info: even among round-number levels, the bigger the number, the more people tend to watch it. For example, major levels like whole tens of thousands or hundreds of thousands attract more attention than ordinary round numbers.
Leave enough room when using leverage, and don’t let one sudden price swing knock you out of your position.
A price level is just a number to the market, but to us, it’s a psychological line of defense.
Here’s a bit of educational info: even among round-number levels, the bigger the number, the more people tend to watch it. For example, major levels like whole tens of thousands or hundreds of thousands attract more attention than ordinary round numbers.
Leave enough room when using leverage, and don’t let one sudden price swing knock you out of your position.