In cryptocurrency trading, “Upper” often refers to the upper band of a trading range, which indicates a price level where an asset might face resistance. This concept is commonly used in technical analysis to determine potential price points for entering or exiting trades.When a cryptocurrency approaches its upper resistance level, traders may anticipate a price reversal or pullback. This behavior suggests that sellers might step in, causing prices to stabilize or drop. Additionally, the term can relate to the upper limits observed in various indicators, such as Bollinger Bands. These are used to help identify overbought conditions, signaling that the price might be due for a correction. Understanding the upper limits can aid traders in making informed decisions, such as setting stop-loss orders or identifying possible market trends. Recognizing these levels can be crucial for optimizing investment strategies and managing risk effectively.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to