$ADA broke below the 30-day low: current price 0.1969, previous low 0.1976.
After the breakdown, watch two things:
· Will the previous low of 0.1976 turn from support into resistance (if the price fails to reclaim it on a rebound)?
· Was there a surge in volume during the breakdown? A break on low volume could just be a bear trap.
Do you think the market has fully priced this in?
#ADA
After the breakdown, watch two things:
· Will the previous low of 0.1976 turn from support into resistance (if the price fails to reclaim it on a rebound)?
· Was there a surge in volume during the breakdown? A break on low volume could just be a bear trap.
Do you think the market has fully priced this in?
#ADA