$RIVER broke a new 24-hour high: current price 1.061, previous high 1.058.
After the breakout, focus on two things:
· Whether the previous high of 1.058 turns from resistance into support (holds on a retest)
· Whether trading volume increased during the breakout; a breakout on low volume can easily turn into a bull trap
Are you leaning bullish or bearish in the short term?
After the breakout, focus on two things:
· Whether the previous high of 1.058 turns from resistance into support (holds on a retest)
· Whether trading volume increased during the breakout; a breakout on low volume can easily turn into a bull trap
Are you leaning bullish or bearish in the short term?