$SXT hits a 24-hour high: current price 0.00918, previous high 0.009076.
After the breakout, focus on two things:
· Whether the previous high of 0.009076 can turn from resistance into support (holds on retest)
· Whether trading volume confirms the breakout; a breakout on declining volume can easily turn into a bull trap
Describe your current view in one word?
After the breakout, focus on two things:
· Whether the previous high of 0.009076 can turn from resistance into support (holds on retest)
· Whether trading volume confirms the breakout; a breakout on declining volume can easily turn into a bull trap
Describe your current view in one word?