$DOT has broken through the 1.1 level and is currently at 1.106.
Near key price levels, I usually watch three things:
① Close: An intraday move above the level doesn’t count; it’s a genuine breakout only if the entire candlestick closes above 1.1.
② Retest: Can the price hold near 1.1 on a pullback? If it holds, the level has successfully flipped.
③ Volume: Did volume increase during the breakout? Breakouts on declining volume are more likely to be reversed.
Be aware of the risks and make your own independent decisions. This is not investment advice.
Near key price levels, I usually watch three things:
① Close: An intraday move above the level doesn’t count; it’s a genuine breakout only if the entire candlestick closes above 1.1.
② Retest: Can the price hold near 1.1 on a pullback? If it holds, the level has successfully flipped.
③ Volume: Did volume increase during the breakout? Breakouts on declining volume are more likely to be reversed.
Be aware of the risks and make your own independent decisions. This is not investment advice.