$SYN broke below the 24-hour low: current price 0.1875, previous low 0.1896.
After the breakdown, watch for two things:
· Will the previous low of 0.1896 turn from support into resistance (will a rebound fail to break above it)?
· Did trading volume increase during the break? A break on declining volume may be a false breakdown.
Describe your current view in one word?
#SYN
After the breakdown, watch for two things:
· Will the previous low of 0.1896 turn from support into resistance (will a rebound fail to break above it)?
· Did trading volume increase during the break? A break on declining volume may be a false breakdown.
Describe your current view in one word?
#SYN