$XUSD breached the 24-hour low: current price 1, previous low 1.001.
After the breakdown, watch two things:
· Will the previous low of 1.001 turn from support into resistance (and prevent a rebound)?
· Did trading volume increase on the breakdown? A low-volume break could be a false breakdown.
What would you do?
After the breakdown, watch two things:
· Will the previous low of 1.001 turn from support into resistance (and prevent a rebound)?
· Did trading volume increase on the breakdown? A low-volume break could be a false breakdown.
What would you do?