$ATOM breaks to a new 7-day high: current price 1.863, previous high 1.848.
After the breakout, focus on two things:
· Whether the previous high of 1.848 turns from resistance into support (holds on a retest)
· Whether the breakout is accompanied by volume; a breakout on declining volume can easily turn into a bull trap
How do you interpret these data?
#ATOM
Be mindful of the risks and make your own decisions.
After the breakout, focus on two things:
· Whether the previous high of 1.848 turns from resistance into support (holds on a retest)
· Whether the breakout is accompanied by volume; a breakout on declining volume can easily turn into a bull trap
How do you interpret these data?
#ATOM
Be mindful of the risks and make your own decisions.