$VVV breaks above the 25 level, with the current price at 25.337.
Near key price levels, I usually look at three things:
① Close: An intraday move above the level doesn’t count; it’s a genuine breakout only if the entire candlestick closes above 25;
② Retest: Can the price hold around 25 during a pullback? If it does, resistance has turned into support;
③ Volume: Did trading volume increase during the breakout? A move on declining volume is more likely to be reversed.
#VVV
In a highly volatile market, manage risk first.
Near key price levels, I usually look at three things:
① Close: An intraday move above the level doesn’t count; it’s a genuine breakout only if the entire candlestick closes above 25;
② Retest: Can the price hold around 25 during a pullback? If it does, resistance has turned into support;
③ Volume: Did trading volume increase during the breakout? A move on declining volume is more likely to be reversed.
#VVV
In a highly volatile market, manage risk first.