🔍 Bitcoin Breakout: What Would You Check?
Imagine $BTC moves above a resistance area.
Before calling it a successful breakout, consider:
1) Whether price holds above the area.
2)Whether trading volume supports the move.
3)Whether the broader market agrees.
A breakout can fail, so consider the alternative scenario too.
#bitcoin #BinanceAnnouncements
#MarketAnalysis
Imagine $BTC moves above a resistance area.
Before calling it a successful breakout, consider:
1) Whether price holds above the area.
2)Whether trading volume supports the move.
3)Whether the broader market agrees.
A breakout can fail, so consider the alternative scenario too.
#bitcoin #BinanceAnnouncements
#MarketAnalysis