$XLM has broken above the 0.19 level, with the current price at 0.1908.
Near a key price level, I usually look at three things:
① Closing price: An intraday move above it doesn't count; it’s a genuine breakout only if the price closes above 0.19.
② Retest: Can the price hold near 0.19 on a pullback? If it holds, resistance has turned into support.
③ Volume: Did trading volume pick up during the breakout? Breakouts without volume are more likely to be false.
#XLM
Near a key price level, I usually look at three things:
① Closing price: An intraday move above it doesn't count; it’s a genuine breakout only if the price closes above 0.19.
② Retest: Can the price hold near 0.19 on a pullback? If it holds, resistance has turned into support.
③ Volume: Did trading volume pick up during the breakout? Breakouts without volume are more likely to be false.
#XLM