$MOVR breaks below the 24-hour low: current price 1.66, previous low 1.6655.
After the breakdown, watch two things:
· Whether the previous low of 1.6655 turns from support into resistance (the rebound fails to reclaim it)
· Whether volume increases on the breakdown—a break on low volume may be a false breakdown
Which signal do you consider more important?
#MOVR
After the breakdown, watch two things:
· Whether the previous low of 1.6655 turns from support into resistance (the rebound fails to reclaim it)
· Whether volume increases on the breakdown—a break on low volume may be a false breakdown
Which signal do you consider more important?
#MOVR