$HYPE broke below the 7-day low: current price 82.44, previous low 82.583.
After the breakdown, watch for two things:
· Does the previous low of 82.583 turn from support into resistance (price fails to break back above it on a rebound)?
· Was there a surge in volume during the breakdown? A break on lower volume could just be a bear trap.
What signals would you look for before making a move?
#HYPE
After the breakdown, watch for two things:
· Does the previous low of 82.583 turn from support into resistance (price fails to break back above it on a rebound)?
· Was there a surge in volume during the breakdown? A break on lower volume could just be a bear trap.
What signals would you look for before making a move?
#HYPE