$SAND broke below the 0.06 level, with the current price at 0.05978.
Near key price levels, I usually look at three things:
① Holding above: An intraday dip below doesn’t count; it’s a confirmed breakdown only if the close is below 0.06.
② Rebound: Can it reclaim 0.06 on a bounce? If it can’t, that means the level has flipped.
③ Volume: Did volume pick up during the breakdown? Breaks on declining volume are more likely to be false.
#SAND
Near key price levels, I usually look at three things:
① Holding above: An intraday dip below doesn’t count; it’s a confirmed breakdown only if the close is below 0.06.
② Rebound: Can it reclaim 0.06 on a bounce? If it can’t, that means the level has flipped.
③ Volume: Did volume pick up during the breakdown? Breaks on declining volume are more likely to be false.
#SAND