$SYN breaks below the 7-day low: current price 0.1644, previous low 0.1656.
After the breakdown, watch two things:
· Whether the previous low of 0.1656 turns from support into resistance (the price fails to reclaim it on a rebound)
· Whether trading volume increased during the breakdown—a low-volume break may be a false breakdown
Vote in the comments: bullish or bearish?
Just my personal opinion—please consider it objectively.
After the breakdown, watch two things:
· Whether the previous low of 0.1656 turns from support into resistance (the price fails to reclaim it on a rebound)
· Whether trading volume increased during the breakdown—a low-volume break may be a false breakdown
Vote in the comments: bullish or bearish?
Just my personal opinion—please consider it objectively.