$LAB broke through its 24-hour high: current price 0.04778, previous high 0.04744.
After the breakout, two things are key:
· Whether the previous high of 0.04744 can turn from resistance into support (holding on a retest)
· Whether the breakout is accompanied by volume; breakouts on declining volume often turn into bull traps
Signal or trap?
After the breakout, two things are key:
· Whether the previous high of 0.04744 can turn from resistance into support (holding on a retest)
· Whether the breakout is accompanied by volume; breakouts on declining volume often turn into bull traps
Signal or trap?