$ORCA breaks below the 24-hour low: current price 2.277, previous low 2.307.
After the breakdown, watch two things:
· Whether the previous low of 2.307 turns from support into resistance (price fails to rebound above it)
· Whether volume increased during the break; a low-volume breakdown may just be a bear trap
Signal or trap?
#ORCA
After the breakdown, watch two things:
· Whether the previous low of 2.307 turns from support into resistance (price fails to rebound above it)
· Whether volume increased during the break; a low-volume breakdown may just be a bear trap
Signal or trap?
#ORCA