$MINA has fallen below the 0.09 level, with the current price at 0.0896.
When it comes to key price levels, I usually look at three things:
① Holding below: An intraday dip below doesn’t count; it’s a true breakdown only if the entire candlestick closes below 0.09.
② Rebound: Can the price reclaim the area around 0.09 after bouncing? If it can’t, support has turned into resistance.
③ Volume: Did trading volume increase during the breakdown? A low-volume breakdown is more likely to be reversed.
#MINA
This is for recording and sharing purposes only, and does not constitute investment advice.
When it comes to key price levels, I usually look at three things:
① Holding below: An intraday dip below doesn’t count; it’s a true breakdown only if the entire candlestick closes below 0.09.
② Rebound: Can the price reclaim the area around 0.09 after bouncing? If it can’t, support has turned into resistance.
③ Volume: Did trading volume increase during the breakdown? A low-volume breakdown is more likely to be reversed.
#MINA
This is for recording and sharing purposes only, and does not constitute investment advice.