$MARSCOIN breaks below the 7-day low: current price 0.086, previous low 0.08662.
After the breakdown, watch two things:
· Whether the previous low of 0.08662 turns from support into resistance (price fails to break back above it on a rebound)
· Whether trading volume increases during the drop; a low-volume breakdown could just be a bear trap
What do you think will happen next?
Not a recommendation. Buy or sell at your own discretion.
After the breakdown, watch two things:
· Whether the previous low of 0.08662 turns from support into resistance (price fails to break back above it on a rebound)
· Whether trading volume increases during the drop; a low-volume breakdown could just be a bear trap
What do you think will happen next?
Not a recommendation. Buy or sell at your own discretion.