$ZRO broke below the 24-hour low: current price 1.819, previous low 1.8235.
After the breakdown, watch two things:
· Whether the previous low of 1.8235 turns from support into resistance (price fails to reclaim it on a rebound)
· Whether volume expands during the breakdown; a break on low volume may be a bear trap
What’s your take at this level?
After the breakdown, watch two things:
· Whether the previous low of 1.8235 turns from support into resistance (price fails to reclaim it on a rebound)
· Whether volume expands during the breakdown; a break on low volume may be a bear trap
What’s your take at this level?