$DOS has moved above its 7-day high: current price 0.3169, previous high 0.3099.
After the breakout, there are two key things to watch:
· Whether the previous high of 0.3099 turns from resistance into support (holds on a retest)
· Whether the breakout is backed by volume—a breakout on declining volume often turns out to be a false breakout
What do you think will happen next?
Just a market observation; please make your own trading decisions.
After the breakout, there are two key things to watch:
· Whether the previous high of 0.3099 turns from resistance into support (holds on a retest)
· Whether the breakout is backed by volume—a breakout on declining volume often turns out to be a false breakout
What do you think will happen next?
Just a market observation; please make your own trading decisions.
