Market Notes | $UNI | Breaking through the 5 level
Definition: Support and resistance are more like zones than prices at an exact decimal point. It’s normal for prices to swing back and forth nearby.
How to read it: The first rebound after losing a level is often seen as a test. If price is turned back near that level, the case for support turning into resistance becomes stronger.
Unusual readings often come with sharper swings. In such situations, it’s better to reduce leverage rather than add to it.
For discussion purposes only. You assume all risks.
Definition: Support and resistance are more like zones than prices at an exact decimal point. It’s normal for prices to swing back and forth nearby.
How to read it: The first rebound after losing a level is often seen as a test. If price is turned back near that level, the case for support turning into resistance becomes stronger.
Unusual readings often come with sharper swings. In such situations, it’s better to reduce leverage rather than add to it.
For discussion purposes only. You assume all risks.