$BOME hits a new 24-hour high: current price 0.001122, previous high 0.001116.
After the breakout, two key things to watch:
· Can the previous high of 0.001116 turn from resistance into support (i.e., hold on a retest)?
· Was there a surge in trading volume during the breakout? Breakouts on low volume often turn out to be false breakouts.
Which signal do you trust more?
Personal opinion only; not a recommendation to trade.
After the breakout, two key things to watch:
· Can the previous high of 0.001116 turn from resistance into support (i.e., hold on a retest)?
· Was there a surge in trading volume during the breakout? Breakouts on low volume often turn out to be false breakouts.
Which signal do you trust more?
Personal opinion only; not a recommendation to trade.