$ACE Lost the 7-day low: current price 0.1614, previous low 0.1621.
After the breakdown, watch two things:
· Whether the previous low of 0.1621 turns from support into resistance (the price fails to reclaim it on a rebound)
· Whether volume increases on the breakdown; a low-volume break could be a false breakdown
What reasons do you have for being bullish or bearish?
#ACE
After the breakdown, watch two things:
· Whether the previous low of 0.1621 turns from support into resistance (the price fails to reclaim it on a rebound)
· Whether volume increases on the breakdown; a low-volume break could be a false breakdown
What reasons do you have for being bullish or bearish?
#ACE