$GTC hits a new 24-hour high: current price 0.2851, previous high 0.2693.
After the breakout, watch two key things:
· Can the previous high of 0.2693 turn from resistance into support (holding on a retest)?
· Was there a surge in volume during the breakout? Breakouts on declining volume often turn out to be bull traps.
What signal would you wait for before making a move?
For reference only. Trade at your own risk.
After the breakout, watch two key things:
· Can the previous high of 0.2693 turn from resistance into support (holding on a retest)?
· Was there a surge in volume during the breakout? Breakouts on declining volume often turn out to be bull traps.
What signal would you wait for before making a move?
For reference only. Trade at your own risk.