$BOME breaks below the 30-day low: current price 0.0006526, previous low 0.0006555.
After the breakdown, watch two things:
· Whether the previous low of 0.0006555 turns from support into resistance (the price fails to reclaim it on a rebound)
· Whether volume picks up during the break; a low-volume break may just be a bear trap
How do you interpret these figures?
After the breakdown, watch two things:
· Whether the previous low of 0.0006555 turns from support into resistance (the price fails to reclaim it on a rebound)
· Whether volume picks up during the break; a low-volume break may just be a bear trap
How do you interpret these figures?