$Q broke through the 0.04 level, and the current price is 0.03986.
Near key price levels, I usually look at three things:
① Closing price: An intraday touch doesn't count; it’s a true breakout only if the entire candlestick closes above 0.04.
② Retest: Can the price hold around 0.04 on a pullback? If it holds, that confirms the level has flipped.
③ Volume: Did volume pick up during the breakout? Breakouts without volume are more likely to be false.
It’s now back below that level, so the first condition hasn’t been met yet.
#Q
Near key price levels, I usually look at three things:
① Closing price: An intraday touch doesn't count; it’s a true breakout only if the entire candlestick closes above 0.04.
② Retest: Can the price hold around 0.04 on a pullback? If it holds, that confirms the level has flipped.
③ Volume: Did volume pick up during the breakout? Breakouts without volume are more likely to be false.
It’s now back below that level, so the first condition hasn’t been met yet.
#Q