📌 Data snapshot: $UNI | Breaking through the 7 level
· Meaning: Common ways to judge whether a breakout is valid include closing on the other side of the level, holding above it on a pullback, and seeing trading volume pick up during the breakout.
· What to look for: The first pullback after a breakout is often seen as a test. If the price holds near the level, the idea that resistance has turned into support is more convincing.
All indicators describe price movements that have already happened; the market can move in the opposite direction at any time.
#UNI
· Meaning: Common ways to judge whether a breakout is valid include closing on the other side of the level, holding above it on a pullback, and seeing trading volume pick up during the breakout.
· What to look for: The first pullback after a breakout is often seen as a test. If the price holds near the level, the idea that resistance has turned into support is more convincing.
All indicators describe price movements that have already happened; the market can move in the opposite direction at any time.
#UNI