$AVA breaks below its 7-day low: current price 0.3153, previous low 0.3162.
After the breakdown, watch for two things:
· Will the previous low of 0.3162 turn from support into resistance (i.e., the price fails to break back above it on a rebound)?
· Was there a spike in volume during the breakdown? A break below on low volume could just be a bear trap.
Do you agree with these figures?
#AVA
After the breakdown, watch for two things:
· Will the previous low of 0.3162 turn from support into resistance (i.e., the price fails to break back above it on a rebound)?
· Was there a spike in volume during the breakdown? A break below on low volume could just be a bear trap.
Do you agree with these figures?
#AVA
