$UAI ｜Failed to hold the 0.14 level
Before looking at your position, first understand key round-number levels.
Even among round-number levels, the rounder the number, the more people tend to watch it. For example, major levels such as whole tens of thousands or hundreds of thousands attract more attention than ordinary round numbers.
Volatility can increase around these levels. Leveraged positions need more room here, as stop-losses set too close to a round number can easily be triggered in a sudden sweep.
The same reading can mean completely different things in different market conditions, so don't blindly apply a single rule.
Before looking at your position, first understand key round-number levels.
Even among round-number levels, the rounder the number, the more people tend to watch it. For example, major levels such as whole tens of thousands or hundreds of thousands attract more attention than ordinary round numbers.
Volatility can increase around these levels. Leveraged positions need more room here, as stop-losses set too close to a round number can easily be triggered in a sudden sweep.
The same reading can mean completely different things in different market conditions, so don't blindly apply a single rule.