Indicator Notes | $ARIA | Lost the 0.08 level
Definition: The longer it has been since the price last reached this level, the more the positioning structure around it is likely to have changed. The support or resistance from back then may no longer hold.
Common interpretation: Volatility often picks up around key levels. Leveraged positions should leave more room here; placing a stop-loss too close to a round number makes it easy to get stopped out in a quick sweep.
Several data points that corroborate one another are more reliable than looking at just one, but even a larger number of signals cannot provide a definitive answer.
Definition: The longer it has been since the price last reached this level, the more the positioning structure around it is likely to have changed. The support or resistance from back then may no longer hold.
Common interpretation: Volatility often picks up around key levels. Leveraged positions should leave more room here; placing a stop-loss too close to a round number makes it easy to get stopped out in a quick sweep.
Several data points that corroborate one another are more reliable than looking at just one, but even a larger number of signals cannot provide a definitive answer.