$EDGE has broken below the 24-hour low: current price 0.3669, previous low 0.3692.
After the breakdown, watch two things:
· Whether the previous low of 0.3692 turns from support into resistance (if the rebound fails to reclaim it)
· Whether trading volume increases on the breakdown; a low-volume break could be a false breakdown
What do you think?
After the breakdown, watch two things:
· Whether the previous low of 0.3692 turns from support into resistance (if the rebound fails to reclaim it)
· Whether trading volume increases on the breakdown; a low-volume break could be a false breakdown
What do you think?