$ONDO has fallen below the 7-day low: current price 0.4373, previous low 0.439.
After the breakdown, watch two things:
· Whether the previous low of 0.439 turns from support into resistance (the price rebounds but fails to reclaim it)
· Whether trading volume increases on the break; a break on low volume could be a false breakdown
If things move in the opposite direction next, how will you respond?
#ONDO
After the breakdown, watch two things:
· Whether the previous low of 0.439 turns from support into resistance (the price rebounds but fails to reclaim it)
· Whether trading volume increases on the break; a break on low volume could be a false breakdown
If things move in the opposite direction next, how will you respond?
#ONDO