$WET hit a new 24-hour high: current price 0.06442, previous high 0.05805.
After the breakout, watch two key things:
· Can the previous high of 0.05805 turn from resistance into support (holding on a retest)?
· Was the breakout backed by volume? A breakout on declining volume can easily turn into a bull trap.
Where do you see the dividing line?
#WET
After the breakout, watch two key things:
· Can the previous high of 0.05805 turn from resistance into support (holding on a retest)?
· Was the breakout backed by volume? A breakout on declining volume can easily turn into a bull trap.
Where do you see the dividing line?
#WET
