$BNCB Breaks below the 7-day low: current price 4.89, previous low 4.94.
After the breakdown, watch two things:
· Whether the previous low of 4.94 turns from support into resistance (the price fails to reclaim it on a rebound)
· Whether trading volume increases during the breakdown; a low-volume break could be a false breakdown
How would you respond if the price reverses later?
#BNCB
After the breakdown, watch two things:
· Whether the previous low of 4.94 turns from support into resistance (the price fails to reclaim it on a rebound)
· Whether trading volume increases during the breakdown; a low-volume break could be a false breakdown
How would you respond if the price reverses later?
#BNCB
