$OPN broke below the 24-hour low: current price 0.0591, previous low 0.05975.
After the breakdown, watch two things:
· Whether the previous low of 0.05975 turns from support into resistance (if the rebound can't get above it)
· Whether trading volume increases during the breakdown—a low-volume break could be a false breakdown
What signals do you wait for before taking action?
After the breakdown, watch two things:
· Whether the previous low of 0.05975 turns from support into resistance (if the rebound can't get above it)
· Whether trading volume increases during the breakdown—a low-volume break could be a false breakdown
What signals do you wait for before taking action?