🐋 $UAI refreshes 24-hour high, the buy orders are fairly firm.
However, after pushing higher, it pulled back; the current price 0.3325 has fallen back below the previous high of 0.3332.
Near new highs, stop-loss orders are often posted; once they get swept, a reversal indicates that sell pressure from above is still present. Watch to see whether it can stand back above again.
#UAI
Don’t take this as a buy/sell signal.
However, after pushing higher, it pulled back; the current price 0.3325 has fallen back below the previous high of 0.3332.
Near new highs, stop-loss orders are often posted; once they get swept, a reversal indicates that sell pressure from above is still present. Watch to see whether it can stand back above again.
#UAI
Don’t take this as a buy/sell signal.