$UAI has moved above the 0.125 level, and the current price is 0.125.
Round-number levels don't have any special significance in themselves, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so the battle between bulls and bears is often intense.
The key is whether it can hold 0.125 on a pullback. If it does, resistance will turn into support. How would you respond?
For discussion purposes only. Trade at your own risk.
Round-number levels don't have any special significance in themselves, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so the battle between bulls and bears is often intense.
The key is whether it can hold 0.125 on a pullback. If it does, resistance will turn into support. How would you respond?
For discussion purposes only. Trade at your own risk.
