$CT has broken through the 0.4 level and is currently trading at 0.4027.
Around key price levels, I usually look at three things:
① Holding above: An intraday touch doesn’t count; it’s only a confirmed breakout if the entire candlestick closes above 0.4.
② Retest: Can the price hold around 0.4 on a pullback? If it holds, that confirms the level has flipped to support.
③ Volume: Did trading volume expand during the breakout? Breakouts on lower volume are more likely to be reversed.
Around key price levels, I usually look at three things:
① Holding above: An intraday touch doesn’t count; it’s only a confirmed breakout if the entire candlestick closes above 0.4.
② Retest: Can the price hold around 0.4 on a pullback? If it holds, that confirms the level has flipped to support.
③ Volume: Did trading volume expand during the breakout? Breakouts on lower volume are more likely to be reversed.