$IN broke below the 24-hour low: current price 0.02741, previous low 0.0278.
After the breakdown, watch two things:
· Whether the previous low of 0.0278 turns from support into resistance (the price fails to reclaim it on a rebound)
· Whether trading volume increased during the breakdown; a break on low volume could be a bear trap
How do you interpret this information?
#IN
After the breakdown, watch two things:
· Whether the previous low of 0.0278 turns from support into resistance (the price fails to reclaim it on a rebound)
· Whether trading volume increased during the breakdown; a break on low volume could be a bear trap
How do you interpret this information?
#IN