$CT fell below the 0.17 level; the current price is 0.1676.
Near key price levels, I usually look at three things:
① Holding above: An intraday dip below doesn’t count; it’s a true breakdown only when the entire candlestick is below 0.17;
② Retest: Can the price rebound to around 0.17 and get back above it? If it can’t, support has turned into resistance;
③ Volume: Did trading volume increase during the breakdown? A breakdown on low volume is more likely to be false.
#CT
Near key price levels, I usually look at three things:
① Holding above: An intraday dip below doesn’t count; it’s a true breakdown only when the entire candlestick is below 0.17;
② Retest: Can the price rebound to around 0.17 and get back above it? If it can’t, support has turned into resistance;
③ Volume: Did trading volume increase during the breakdown? A breakdown on low volume is more likely to be false.
#CT