$AVAX fell below the 10 level; the current price is 9.952.
Around key price levels, I usually look at three things:
① Close: An intraday break doesn’t count; it’s only a confirmed break if the price closes below 10.
② Rebound: Can it reclaim the area near 10 on a rebound? If not, support has turned into resistance.
③ Volume: Did trading volume pick up during the break? A break on low volume is more likely to be false.
Around key price levels, I usually look at three things:
① Close: An intraday break doesn’t count; it’s only a confirmed break if the price closes below 10.
② Rebound: Can it reclaim the area near 10 on a rebound? If not, support has turned into resistance.
③ Volume: Did trading volume pick up during the break? A break on low volume is more likely to be false.