$USELESS breaks below the 30-day low: current price 0.1513, previous low 0.1524.
After the breakdown, watch two things:
· Whether the previous low of 0.1524 turns from support into resistance (price rebounds but fails to break through)
· Whether trading volume picks up during the breakdown—a low-volume breakdown could be a bear trap
What will you do if the price moves the other way afterward?
Personal opinion only; not investment advice.
After the breakdown, watch two things:
· Whether the previous low of 0.1524 turns from support into resistance (price rebounds but fails to break through)
· Whether trading volume picks up during the breakdown—a low-volume breakdown could be a bear trap
What will you do if the price moves the other way afterward?
Personal opinion only; not investment advice.