$OP breaks its 7-day high: current price 0.1417, previous high 0.1409.
After the breakout, two things are key:
· Can the previous high of 0.1409 turn from resistance into support (hold on a retest)?
· Was there a surge in volume during the breakout? A breakout on low volume can easily turn into a false breakout.
How would you sum up your view right now in one sentence?
Volatility is significant, so manage your leverage carefully.
After the breakout, two things are key:
· Can the previous high of 0.1409 turn from resistance into support (hold on a retest)?
· Was there a surge in volume during the breakout? A breakout on low volume can easily turn into a false breakout.
How would you sum up your view right now in one sentence?
Volatility is significant, so manage your leverage carefully.