$PENDLE breaks below the 24-hour low: current price 2.058, previous low 2.0746.
After the breakdown, watch two things:
· Whether the previous low of 2.0746 turns from support into resistance (price can't get back above it on a rebound)
· Whether volume expands on the break; a break on low volume could just be a bear trap
If it were you, would you act or wait and see?
#PENDLE
After the breakdown, watch two things:
· Whether the previous low of 2.0746 turns from support into resistance (price can't get back above it on a rebound)
· Whether volume expands on the break; a break on low volume could just be a bear trap
If it were you, would you act or wait and see?
#PENDLE