$NIL breached the 24-hour low: current price 0.07982, previous low 0.08045.
After the breakdown, watch two things:
· Will the previous low of 0.08045 turn from support into resistance (price fails to rebound above it)?
· Did volume increase during the drop? A breakdown on low volume may be a false breakdown.
Bullish or bearish?
After the breakdown, watch two things:
· Will the previous low of 0.08045 turn from support into resistance (price fails to rebound above it)?
· Did volume increase during the drop? A breakdown on low volume may be a false breakdown.
Bullish or bearish?
