$LAB has hit a new 24-hour high: current price 0.04306, previous high 0.0422.
After the breakout, two things to watch:
· Can the previous high of 0.0422 turn from resistance into support (hold on a retest)?
· Was there a surge in volume during the breakout? A low-volume breakout can easily turn into a false breakout.
If you were in this position, would you make a move or wait a little longer?
#LAB
After the breakout, two things to watch:
· Can the previous high of 0.0422 turn from resistance into support (hold on a retest)?
· Was there a surge in volume during the breakout? A low-volume breakout can easily turn into a false breakout.
If you were in this position, would you make a move or wait a little longer?
#LAB