$G breaks below the 24-hour low: current price 0.00388, previous low 0.003925.
After the breakdown, watch two things:
· Will the previous low of 0.003925 turn from support into resistance (price fails to break back above it on a rebound)?
· Was there a spike in volume during the breakdown? A break below on low volume may be a false breakdown.
What will you do if the price moves in the opposite direction afterward?
#G
After the breakdown, watch two things:
· Will the previous low of 0.003925 turn from support into resistance (price fails to break back above it on a rebound)?
· Was there a spike in volume during the breakdown? A break below on low volume may be a false breakdown.
What will you do if the price moves in the opposite direction afterward?
#G