$UAI rose above the 0.125 mark.
When I first got into trading, I didn’t understand why everyone fixated on round-number levels. It took me a while to get it: traders like to place orders and take-profit targets around round numbers. When enough orders pile up, buying and selling naturally become more concentrated around those levels, which over time turn into psychological thresholds.
When prices seesaw around a threshold, both bulls and bears can get shaken out repeatedly. Until the direction becomes clear, trading less—or not at all—may be the safer approach.
Reading indicators is easy. The hard part is sticking to your plan even when emotions are running high.
When I first got into trading, I didn’t understand why everyone fixated on round-number levels. It took me a while to get it: traders like to place orders and take-profit targets around round numbers. When enough orders pile up, buying and selling naturally become more concentrated around those levels, which over time turn into psychological thresholds.
When prices seesaw around a threshold, both bulls and bears can get shaken out repeatedly. Until the direction becomes clear, trading less—or not at all—may be the safer approach.
Reading indicators is easy. The hard part is sticking to your plan even when emotions are running high.