$DOT breaks below the 24-hour low: current price 1.127, previous low 1.1312.
After the breakdown, watch for two things:
· Whether the previous low of 1.1312 turns from support into resistance (price fails to break back above it on a rebound)
· Whether trading volume increases during the breakdown; a low-volume break may just be a bear trap
What one word describes your current assessment?
After the breakdown, watch for two things:
· Whether the previous low of 1.1312 turns from support into resistance (price fails to break back above it on a rebound)
· Whether trading volume increases during the breakdown; a low-volume break may just be a bear trap
What one word describes your current assessment?