$XMR breaks through the 600 level.
If it can hold above that level for a while, it means selling pressure isn’t heavy—a much healthier sign than briefly poking above it and then falling back.
A valid breakout is usually accompanied by increased volume, while a false breakout often comes without it. This is the method I use most often to assess a breakout.
If it can hold above that level for a while, it means selling pressure isn’t heavy—a much healthier sign than briefly poking above it and then falling back.
A valid breakout is usually accompanied by increased volume, while a false breakout often comes without it. This is the method I use most often to assess a breakout.