$A broke below the 30-day low: current price 0.0851, previous low 0.08534.
After the breakdown, watch two things:
· Whether the previous low of 0.08534 turns from support into resistance (price fails to reclaim it on a rebound)
· Whether trading volume increases during the breakdown; a break on low volume may be a false breakdown
Bullish or bearish?
After the breakdown, watch two things:
· Whether the previous low of 0.08534 turns from support into resistance (price fails to reclaim it on a rebound)
· Whether trading volume increases during the breakdown; a break on low volume may be a false breakdown
Bullish or bearish?