$CAKE Lost the 24-hour low: current price 2.049, previous low 2.0871.
After the break, watch two things:
· Will the previous low 2.0871 turn from support into resistance (an attempted rebound that fails to break through)
· Is there an increase in volume when it breaks down? A low-volume break may just be a bear trap
Which confirmation will you wait for before taking action?
#CAKE
The data is for reference only; make your own buy and sell decisions.
After the break, watch two things:
· Will the previous low 2.0871 turn from support into resistance (an attempted rebound that fails to break through)
· Is there an increase in volume when it breaks down? A low-volume break may just be a bear trap
Which confirmation will you wait for before taking action?
#CAKE
The data is for reference only; make your own buy and sell decisions.