$SYRUP breaks its 24-hour high: current price 0.2385, previous high 0.236.
After the breakout, keep an eye on two things:
· Whether the previous high of 0.236 turns from resistance into support (and holds on a retest)
· Whether trading volume increases during the breakout—a low-volume breakout can easily turn into a bull trap
Opportunity or just noise?
#SYRUP
Just my personal opinion—don’t take it too seriously.
After the breakout, keep an eye on two things:
· Whether the previous high of 0.236 turns from resistance into support (and holds on a retest)
· Whether trading volume increases during the breakout—a low-volume breakout can easily turn into a bull trap
Opportunity or just noise?
#SYRUP
Just my personal opinion—don’t take it too seriously.