$PONS broke below the 30-day low: the current price is 0.303, and the previous low was 0.305.
After the breakdown, watch two things:
· Whether the previous low of 0.305 turns from support into resistance (if the price rebounds but fails to reclaim it)
· Whether trading volume picked up during the breakdown—a break on low volume may just be a bear trap
Where is your key level?
#PONS
After the breakdown, watch two things:
· Whether the previous low of 0.305 turns from support into resistance (if the price rebounds but fails to reclaim it)
· Whether trading volume picked up during the breakdown—a break on low volume may just be a bear trap
Where is your key level?
#PONS