$DOT broke through the 1.1 level, with the current price at 1.105.
Near key price levels, I usually look at three things:
① Holding above: An intraday touch doesn’t count; it’s a valid breakout only if the price closes above 1.1.
② Retest: Can the price hold around 1.1 on a pullback? If it does, resistance has turned into support.
③ Volume: Did volume pick up during the breakout? Breakouts without volume are more likely to be false.
Near key price levels, I usually look at three things:
① Holding above: An intraday touch doesn’t count; it’s a valid breakout only if the price closes above 1.1.
② Retest: Can the price hold around 1.1 on a pullback? If it does, resistance has turned into support.
③ Volume: Did volume pick up during the breakout? Breakouts without volume are more likely to be false.