$AKE broke through the 0.03 level, with the current price at 0.03061.
Around key price levels, I usually watch three things:
① Holding above: An intraday touch doesn’t count; it’s a valid breakout only if the entire candlestick closes above 0.03.
② Retest: Can the price hold near 0.03 on a pullback? If so, resistance has turned into support.
③ Volume: Did trading volume pick up during the breakout? Breakouts on lower volume are more likely to be false.
Around key price levels, I usually watch three things:
① Holding above: An intraday touch doesn’t count; it’s a valid breakout only if the entire candlestick closes above 0.03.
② Retest: Can the price hold near 0.03 on a pullback? If so, resistance has turned into support.
③ Volume: Did trading volume pick up during the breakout? Breakouts on lower volume are more likely to be false.