$AGT lost the 0.06 level, with the current price at 0.05961.
Around key price levels, I usually look at three things:
① Holding the level: An intraday dip below it doesn’t count; it’s only a confirmed break if the entire candlestick closes below 0.06.
② Retest: Can the price rebound to around 0.06 and reclaim it? If it can’t, support has turned into resistance.
③ Volume: Did trading volume pick up during the breakdown? A break on low volume is more likely to be false.
Use this as a reference, but don’t take it as gospel.
Around key price levels, I usually look at three things:
① Holding the level: An intraday dip below it doesn’t count; it’s only a confirmed break if the entire candlestick closes below 0.06.
② Retest: Can the price rebound to around 0.06 and reclaim it? If it can’t, support has turned into resistance.
③ Volume: Did trading volume pick up during the breakdown? A break on low volume is more likely to be false.
Use this as a reference, but don’t take it as gospel.
