$BMT has fallen below the 0.03 level, with the current price at 0.03039.
When a key price level is tested, I usually look at three things:
① Close: An intraday dip below the level doesn't count; it's only a confirmed break if the entire candlestick closes below 0.03;
② Retest: Can the price recover the 0.03 area on a rebound? If it can't, the shift is complete;
③ Volume: Did trading volume increase during the break? A break on lower volume is more likely to be false.
The price is now back above the level, so the first condition has not yet been met.
This is not investment advice of any kind. You assume all risks.
When a key price level is tested, I usually look at three things:
① Close: An intraday dip below the level doesn't count; it's only a confirmed break if the entire candlestick closes below 0.03;
② Retest: Can the price recover the 0.03 area on a rebound? If it can't, the shift is complete;
③ Volume: Did trading volume increase during the break? A break on lower volume is more likely to be false.
The price is now back above the level, so the first condition has not yet been met.
This is not investment advice of any kind. You assume all risks.