$XMR breaks below the 24-hour low: current price 585.68, previous low 588.39.
After the breakdown, watch two things:
· Whether the previous low of 588.39 turns from support into resistance (price fails to break above it on a rebound)
· Whether trading volume picks up during the breakdown; a low-volume break may just be a bear trap
What do you think happens next?
After the breakdown, watch two things:
· Whether the previous low of 588.39 turns from support into resistance (price fails to break above it on a rebound)
· Whether trading volume picks up during the breakdown; a low-volume break may just be a bear trap
What do you think happens next?