$SIREN has fallen below the 0.026 level, with the current price at 0.02612.
Near key price levels, I usually look at three things:
① Holding above: An intraday dip below doesn’t count; it’s a confirmed breakdown only if the entire candlestick closes below 0.026.
② Rebound: Can the price rebound to around 0.026 and reclaim it? If it can’t, the level has completed its role reversal.
③ Volume: Did volume pick up during the breakdown? A move without volume is more likely to be false.
The price is now back above the level, so the first condition hasn’t been met yet.
#SIREN
Near key price levels, I usually look at three things:
① Holding above: An intraday dip below doesn’t count; it’s a confirmed breakdown only if the entire candlestick closes below 0.026.
② Rebound: Can the price rebound to around 0.026 and reclaim it? If it can’t, the level has completed its role reversal.
③ Volume: Did volume pick up during the breakdown? A move without volume is more likely to be false.
The price is now back above the level, so the first condition hasn’t been met yet.
#SIREN