$UAI broke through the 0.12 level.
Let's use this data to talk about round-number levels.
The more often a price level is tested, the more prominent it tends to become in people's minds. However, some argue that repeated tests can instead deplete the orders resting there.
The first pullback after a breakout is often seen as a test: only if the price can stabilize above the level does the idea that resistance has turned into support really hold up.
Before trading with leverage, first consider whether you can withstand the worst-case outcome, then look at what the indicators say.
Let's use this data to talk about round-number levels.
The more often a price level is tested, the more prominent it tends to become in people's minds. However, some argue that repeated tests can instead deplete the orders resting there.
The first pullback after a breakout is often seen as a test: only if the price can stabilize above the level does the idea that resistance has turned into support really hold up.
Before trading with leverage, first consider whether you can withstand the worst-case outcome, then look at what the indicators say.