$ONDO broke below the 0.5 level, and the current price is 0.4995.
When price is around a key level, I usually look at three things:
① Close: an intraday break doesn’t count; only if the entire candle ends below 0.5 does it count as a real breakdown;
② Rebound: when it rebounds to around 0.5, can it reclaim the level? If it cannot recover, it counts as a shift;
③ Volume: did trading volume increase when it broke down? Breaks on low volume are easy to be reclaimed.
When price is around a key level, I usually look at three things:
① Close: an intraday break doesn’t count; only if the entire candle ends below 0.5 does it count as a real breakdown;
② Rebound: when it rebounds to around 0.5, can it reclaim the level? If it cannot recover, it counts as a shift;
③ Volume: did trading volume increase when it broke down? Breaks on low volume are easy to be reclaimed.