Technical Note｜$UAI ｜Lost the 0.05 level (current price: 0.0501, back above the level)
First, a definition: A resistance level that is truly broken often becomes support afterward; a support level that is decisively broken often becomes resistance.
How to read it: Round-number levels carry different weight for different coins. Many people watch major round-number levels for top coins, while round numbers are usually much less useful as reference points for smaller coins.
Indicators may be inaccurate, so don’t skip stop-losses: Planning in advance how to respond if you’re wrong is more important than guessing correctly.
First, a definition: A resistance level that is truly broken often becomes support afterward; a support level that is decisively broken often becomes resistance.
How to read it: Round-number levels carry different weight for different coins. Many people watch major round-number levels for top coins, while round numbers are usually much less useful as reference points for smaller coins.
Indicators may be inaccurate, so don’t skip stop-losses: Planning in advance how to respond if you’re wrong is more important than guessing correctly.
