$ACE has fallen below the 24-hour low: current price 0.1682, previous low 0.1695.
After the breakdown, watch for two things:
· Whether the previous low of 0.1695 turns from support into resistance (if price fails to reclaim it on a rebound)
· Whether volume picks up on the break below; a low-volume breakdown could be a bear trap
How would you respond?
#ACE
After the breakdown, watch for two things:
· Whether the previous low of 0.1695 turns from support into resistance (if price fails to reclaim it on a rebound)
· Whether volume picks up on the break below; a low-volume breakdown could be a bear trap
How would you respond?
#ACE