$UAI broke below the 0.12 level.
A newbie asks: Why are round-number levels important?
Common criteria for judging whether a breakout counts include: closing on the other side of the level, a retest that doesn't fall back below it, and volume picking up during the breakout.
On a candlestick chart, a level is just an ordinary number; to us, it's a psychological line of defense.
Extreme readings usually mean greater volatility. At times like these, it's better to reduce leverage rather than add to it.
#UAI
A newbie asks: Why are round-number levels important?
Common criteria for judging whether a breakout counts include: closing on the other side of the level, a retest that doesn't fall back below it, and volume picking up during the breakout.
On a candlestick chart, a level is just an ordinary number; to us, it's a psychological line of defense.
Extreme readings usually mean greater volatility. At times like these, it's better to reduce leverage rather than add to it.
#UAI