$CC broke below the 7-day low: current price 0.1065, previous low 0.107.
After the breakdown, watch two things:
Whether the previous low of 0.107 turns from support into resistance (the price fails to rebound above it)
Whether trading volume increased during the breakdown; a break on low volume could just be a bear trap
What would you do?
#CC
Just sharing for reference—don’t follow this blindly. Make your own decision.
After the breakdown, watch two things:
Whether the previous low of 0.107 turns from support into resistance (the price fails to rebound above it)
Whether trading volume increased during the breakdown; a break on low volume could just be a bear trap
What would you do?
#CC
Just sharing for reference—don’t follow this blindly. Make your own decision.