$ARC broke through the 0.04 level, with the current price at 0.04026.
Near key price levels, I usually look at three things:
① Holding above: An intraday touch doesn’t count; it’s only a valid breakout if the entire candlestick closes above 0.04.
② Pullback: Can the price hold near 0.04 on a pullback? If it holds, resistance has turned into support.
③ Volume: Did trading volume increase during the breakout? Breakouts without volume are more likely to be false.
Near key price levels, I usually look at three things:
① Holding above: An intraday touch doesn’t count; it’s only a valid breakout if the entire candlestick closes above 0.04.
② Pullback: Can the price hold near 0.04 on a pullback? If it holds, resistance has turned into support.
③ Volume: Did trading volume increase during the breakout? Breakouts without volume are more likely to be false.