$CT breaks above the 24-hour high: current price 0.3856, previous high 0.3841.
After the breakout, two things matter:
· Can the previous high of 0.3841 turn from resistance into support (holding on a retest)?
· Was the breakout accompanied by volume? A breakout without volume often turns out to be a false breakout.
What reasons do you each have for going long or short?
After the breakout, two things matter:
· Can the previous high of 0.3841 turn from resistance into support (holding on a retest)?
· Was the breakout accompanied by volume? A breakout without volume often turns out to be a false breakout.
What reasons do you each have for going long or short?