$BR broke below the 24-hour low: current price 0.4651, previous low 0.4675.
After the breakdown, watch two things:
Will the previous low of 0.4675 turn from support into resistance (price fails to break through on a rebound)?
Was there an increase in volume during the breakdown? A low-volume breakdown could just be a bear trap.
Would you chase the move or wait?
#BR
After the breakdown, watch two things:
Will the previous low of 0.4675 turn from support into resistance (price fails to break through on a rebound)?
Was there an increase in volume during the breakdown? A low-volume breakdown could just be a bear trap.
Would you chase the move or wait?
#BR
