$US falls below its 30-day low: current price 0.005511, previous low 0.005533.
After the breakdown, watch two things:
· Whether the previous low of 0.005533 turns from support into resistance (the price rebounds but fails to reclaim it)
· Whether trading volume increases during the breakdown; a low-volume break could be a false breakdown
How do you interpret this information?
After the breakdown, watch two things:
· Whether the previous low of 0.005533 turns from support into resistance (the price rebounds but fails to reclaim it)
· Whether trading volume increases during the breakdown; a low-volume break could be a false breakdown
How do you interpret this information?