Market Notes｜$UAI ｜Fell below the 0.04 level
First, a definition: The longer it has been since the price last reached this level, the more likely it is that the distribution of holdings around here has changed. The balance of bullish and bearish forces at the time may no longer apply.
A common way to read it: Round-number levels mean different things for different coins. More people watch major round-number levels for large-cap coins, while round numbers usually matter much less for small-cap coins.
Learning to read indicators isn’t hard; the hard part is sticking to the rules even when the market gets extreme.
#UAI
Stay calm and don’t get carried away.
First, a definition: The longer it has been since the price last reached this level, the more likely it is that the distribution of holdings around here has changed. The balance of bullish and bearish forces at the time may no longer apply.
A common way to read it: Round-number levels mean different things for different coins. More people watch major round-number levels for large-cap coins, while round numbers usually matter much less for small-cap coins.
Learning to read indicators isn’t hard; the hard part is sticking to the rules even when the market gets extreme.
#UAI
Stay calm and don’t get carried away.