$UAI breached the 0.035 level.
Where does this number come from?
A support level is an area where prices have repeatedly found a floor during a decline. A resistance level is a price range where prices have repeatedly been held back during a rise.
The first pullback after breaking above a level is often seen as a test: if the price can stabilize above it, the idea that resistance has turned into support is more convincing.
Learning to read indicators isn’t difficult; the hard part is sticking to your plan when emotions are running high.
Where does this number come from?
A support level is an area where prices have repeatedly found a floor during a decline. A resistance level is a price range where prices have repeatedly been held back during a rise.
The first pullback after breaking above a level is often seen as a test: if the price can stabilize above it, the idea that resistance has turned into support is more convincing.
Learning to read indicators isn’t difficult; the hard part is sticking to your plan when emotions are running high.