📢 Joke alert: $UAI breaks through the 0.14 level.
On candlestick charts, round-number levels are just ordinary numbers, but to us, they’re psychological barriers.
A quick bit of education: round-number levels attract attention mainly because people like to place orders and take-profit targets at or around them. Orders tend to cluster there, which is why they’re also called psychological levels.
The same reading can mean very different things in different market conditions, so don’t blindly apply a rule of thumb.
#UAI
On candlestick charts, round-number levels are just ordinary numbers, but to us, they’re psychological barriers.
A quick bit of education: round-number levels attract attention mainly because people like to place orders and take-profit targets at or around them. Orders tend to cluster there, which is why they’re also called psychological levels.
The same reading can mean very different things in different market conditions, so don’t blindly apply a rule of thumb.
#UAI