$GWEI has hit a 7-day high: current price 0.02315, previous high 0.02294.
After the breakout, the key is to watch two things:
· Whether the previous high of 0.02294 turns from resistance into support (holds on a retest)
· Whether volume increased during the breakout; a breakout on declining volume can easily turn into a false breakout
Is this a signal or a trap?
#GWEI
After the breakout, the key is to watch two things:
· Whether the previous high of 0.02294 turns from resistance into support (holds on a retest)
· Whether volume increased during the breakout; a breakout on declining volume can easily turn into a false breakout
Is this a signal or a trap?
#GWEI