$KAS broke below the 24-hour low: current price 0.03816, previous low 0.03839.
After the breakdown, watch two things:
· Whether the previous low of 0.03839 turns from support into resistance (price fails to break above it on a rebound)
· Whether trading volume increased during the breakdown; a break on low volume could be a false breakdown
Describe your current view in one sentence?
#KAS
After the breakdown, watch two things:
· Whether the previous low of 0.03839 turns from support into resistance (price fails to break above it on a rebound)
· Whether trading volume increased during the breakdown; a break on low volume could be a false breakdown
Describe your current view in one sentence?
#KAS