$OP has broken through the 0.14 level, with the current price at 0.1405.
Around key price levels, I generally look at three things:
① Close: An intraday move above the level doesn’t count; it’s a valid breakout only if the entire candlestick closes above 0.14;
② Retest: Can the price hold around 0.14 on a pullback? If so, resistance has turned into support;
③ Volume: Did volume increase during the breakout? Breakouts on lower volume are more likely to reverse.
#OP
This is for discussion purposes only. You assume all risk.
Around key price levels, I generally look at three things:
① Close: An intraday move above the level doesn’t count; it’s a valid breakout only if the entire candlestick closes above 0.14;
② Retest: Can the price hold around 0.14 on a pullback? If so, resistance has turned into support;
③ Volume: Did volume increase during the breakout? Breakouts on lower volume are more likely to reverse.
#OP
This is for discussion purposes only. You assume all risk.