$LIT hits a 24-hour high: current price 3.1263, previous high 3.1058.
After the breakout, two things are key:
Can the previous high of 3.1058 turn from resistance into support (holding on a retest)?
Was there a surge in volume during the breakout? Breakouts without volume often turn into bull traps.
Anyone familiar with this care to share their thoughts?
After the breakout, two things are key:
Can the previous high of 3.1058 turn from resistance into support (holding on a retest)?
Was there a surge in volume during the breakout? Breakouts without volume often turn into bull traps.
Anyone familiar with this care to share their thoughts?