$S has fallen below the 24-hour low: current price 0.04249, previous low 0.04284.
After the breakdown, watch for two things:
· Whether the previous low of 0.04284 turns from support into resistance (price fails to break back above it)
· Whether trading volume increases during the drop; a low-volume breakdown may just be a bear trap
What signal would you need before taking action?
#S
Opinions are for discussion only. You assume all risks.
After the breakdown, watch for two things:
· Whether the previous low of 0.04284 turns from support into resistance (price fails to break back above it)
· Whether trading volume increases during the drop; a low-volume breakdown may just be a bear trap
What signal would you need before taking action?
#S
Opinions are for discussion only. You assume all risks.