$ZEREBRO broke below its 30-day low: current price 0.0222, previous low 0.02239.
After the breakdown, watch two things:
· Whether the previous low of 0.02239 turns from support into resistance (the price fails to move back above it)
· Whether trading volume increased during the breakdown; a low-volume break may just be a bear trap
Where do you see the key dividing line?
After the breakdown, watch two things:
· Whether the previous low of 0.02239 turns from support into resistance (the price fails to move back above it)
· Whether trading volume increased during the breakdown; a low-volume break may just be a bear trap
Where do you see the key dividing line?