$Binance Life breaks to a new 24-hour high: current price 0.5295, previous high 0.52.
After the breakout, watch two things:
· Whether the previous high of 0.52 turns from resistance into support (holds on a retest)
· Whether the breakout is backed by volume; a breakout on declining volume can easily turn out to be false
Opportunity or noise?
Follow $Binance Life.
After the breakout, watch two things:
· Whether the previous high of 0.52 turns from resistance into support (holds on a retest)
· Whether the breakout is backed by volume; a breakout on declining volume can easily turn out to be false
Opportunity or noise?
Follow $Binance Life.