📊 $BAT fell below the 0.19 level.
【Quick explainer】Where do key price levels come from?
Common criteria for confirming a genuine breakout include closing on the other side of the level, holding above it on a retest, and a surge in volume as the price breaks through.
Crossing a level only shows that one side had the upper hand at that moment. Whether the move can continue depends on where the next level lies and whether trading volume can keep up.
The same reading can mean very different things in different market conditions, so don’t apply any single rule mechanically.
#BAT
【Quick explainer】Where do key price levels come from?
Common criteria for confirming a genuine breakout include closing on the other side of the level, holding above it on a retest, and a surge in volume as the price breaks through.
Crossing a level only shows that one side had the upper hand at that moment. Whether the move can continue depends on where the next level lies and whether trading volume can keep up.
The same reading can mean very different things in different market conditions, so don’t apply any single rule mechanically.
#BAT