$TQQQB hits a new 24-hour high: current price 68.58, previous high 68.13.
After the breakout, watch two things:
· Can the previous high of 68.13 turn from resistance into support (hold on a pullback)?
· Was there a surge in volume during the breakout? A low-volume breakout can easily turn into a false breakout.
What signal are you waiting for before making a move?
After the breakout, watch two things:
· Can the previous high of 68.13 turn from resistance into support (hold on a pullback)?
· Was there a surge in volume during the breakout? A low-volume breakout can easily turn into a false breakout.
What signal are you waiting for before making a move?