$UAI broke through the 0.11 level (current price: 0.106, now back below it).
Let’s use this figure to talk about psychological price levels.
Previous highs and lows are commonly used reference points: the experience of being turned back or finding support at a particular price last time can influence buying and selling when the price reaches it again.
Volatility can increase around these levels, so leveraged positions need more room here. Stop-losses placed too close to a round number can easily get triggered.
The same data can mean very different things in different market conditions, so don’t apply any one rule blindly.
Let’s use this figure to talk about psychological price levels.
Previous highs and lows are commonly used reference points: the experience of being turned back or finding support at a particular price last time can influence buying and selling when the price reaches it again.
Volatility can increase around these levels, so leveraged positions need more room here. Stop-losses placed too close to a round number can easily get triggered.
The same data can mean very different things in different market conditions, so don’t apply any one rule blindly.