$OGN has fallen below the 0.038 level, with the current price at 0.03761.
Around key price levels, I usually look at three things:
① Close: An intraday break doesn’t count; it’s a true break only if the entire candlestick closes below 0.038;
② Rebound: Can it reclaim the area around 0.038 on a rebound? If it can’t, support has turned into resistance;
③ Volume: Did trading volume pick up during the break? A break on low volume is more likely to be reversed.
#OGN
For reference only; not investment advice.
Around key price levels, I usually look at three things:
① Close: An intraday break doesn’t count; it’s a true break only if the entire candlestick closes below 0.038;
② Rebound: Can it reclaim the area around 0.038 on a rebound? If it can’t, support has turned into resistance;
③ Volume: Did trading volume pick up during the break? A break on low volume is more likely to be reversed.
#OGN
For reference only; not investment advice.