$PONS breached the 24-hour low: current price 0.3339, previous low 0.3359.
After the breakdown, watch two things:
· Will the previous low of 0.3359 turn from support into resistance (and fail to break through on a rebound)?
· Did trading volume increase during the breakdown? A low-volume break could be a false breakdown.
Where do you think the key support level is?
#PONS
After the breakdown, watch two things:
· Will the previous low of 0.3359 turn from support into resistance (and fail to break through on a rebound)?
· Did trading volume increase during the breakdown? A low-volume break could be a false breakdown.
Where do you think the key support level is?
#PONS