$AVAX broke below its 24-hour low: current price 10.626, previous low 10.661.
After the breakdown, watch two things:
· Whether the previous low of 10.661 turns from support into resistance (the price can't break through on a rebound)
· Whether trading volume increases as it breaks down; a low-volume breakdown may just be a bull trap
Where do you see the key dividing line?
These views are for discussion only. You are responsible for your own gains and losses. Please participate rationally.
After the breakdown, watch two things:
· Whether the previous low of 10.661 turns from support into resistance (the price can't break through on a rebound)
· Whether trading volume increases as it breaks down; a low-volume breakdown may just be a bull trap
Where do you see the key dividing line?
These views are for discussion only. You are responsible for your own gains and losses. Please participate rationally.