$ARC is trading above its 24-hour high: current price 0.04413, previous high 0.04378.
After the breakout, focus on two things:
· Whether the previous high of 0.04378 turns from resistance into support (holds on a retest)
· Whether trading volume increases during the breakout—a breakout on low volume can easily turn into a bull trap
What’s your take at this level?
After the breakout, focus on two things:
· Whether the previous high of 0.04378 turns from resistance into support (holds on a retest)
· Whether trading volume increases during the breakout—a breakout on low volume can easily turn into a bull trap
What’s your take at this level?