$ENA broke through the 0.2 level and is now at 0.2011.
Near a key price level, I usually look at three things:
① Holding above: An intraday move above it doesn't count; it’s a genuine breakout only if the entire candlestick closes above 0.2.
② Retest: Can the price hold around 0.2 on a pullback? If it does, the transition is complete.
③ Volume: Did trading volume pick up during the breakout? A breakout on declining volume is more likely to be false.
Near a key price level, I usually look at three things:
① Holding above: An intraday move above it doesn't count; it’s a genuine breakout only if the entire candlestick closes above 0.2.
② Retest: Can the price hold around 0.2 on a pullback? If it does, the transition is complete.
③ Volume: Did trading volume pick up during the breakout? A breakout on declining volume is more likely to be false.