$ARC broke above the 0.03 threshold, with the current price at 0.03077.
Near key price levels, I generally look at three things:
① Holding above: An intraday touch doesn’t count; it’s only a valid breakout if the entire candlestick closes above 0.03;
② Retest: Can the price hold around 0.03 on a pullback? If so, resistance has turned into support;
③ Volume: Did trading volume pick up during the breakout? Breakouts on declining volume are more likely to be false.
#ARC
Near key price levels, I generally look at three things:
① Holding above: An intraday touch doesn’t count; it’s only a valid breakout if the entire candlestick closes above 0.03;
② Retest: Can the price hold around 0.03 on a pullback? If so, resistance has turned into support;
③ Volume: Did trading volume pick up during the breakout? Breakouts on declining volume are more likely to be false.
#ARC