$JCT Lost the 24-hour low: current price 0.004829, previous low 0.005341.
After the breakdown, watch two things:
· Whether the previous low of 0.005341 turns from support into resistance (price fails to reclaim it on a bounce)
· Whether trading volume increases during the drop—a low-volume breakdown may be a false breakdown
Vote in the comments: bullish or bearish?
#JCT
After the breakdown, watch two things:
· Whether the previous low of 0.005341 turns from support into resistance (price fails to reclaim it on a bounce)
· Whether trading volume increases during the drop—a low-volume breakdown may be a false breakdown
Vote in the comments: bullish or bearish?
#JCT
