$UAI has fallen below the 0.05 level, 368 days since it was last here.
Guys, how do key price levels come about? Here’s the short version 👇
The longer it’s been since the price last reached this level, the more the position structure around it may have changed. The balance of bullish and bearish forces from back then may no longer hold.
When the price returns to a level after a long time, people who entered around that level before may break even and exit, or add to their positions, often leading to concentrated buying and selling.
If you’re using leverage, keep extra margin in your account so one sudden move doesn’t force you out of your position.
#UAI
Guys, how do key price levels come about? Here’s the short version 👇
The longer it’s been since the price last reached this level, the more the position structure around it may have changed. The balance of bullish and bearish forces from back then may no longer hold.
When the price returns to a level after a long time, people who entered around that level before may break even and exit, or add to their positions, often leading to concentrated buying and selling.
If you’re using leverage, keep extra margin in your account so one sudden move doesn’t force you out of your position.
#UAI
