$ON has fallen below the 0.18 level, with the current price at 0.1782.
Near key price levels, I usually look at three things:
① Holding: An intraday dip below doesn’t count; it’s a confirmed breakdown only if the closing price is below 0.18.
② Rebound: Can it climb back above 0.18 on a rebound? If it can’t, support has turned into resistance.
③ Volume: Did volume increase during the breakdown? A drop on low volume is more likely to be a false breakdown.
#ON
Markets involve risk. Exercise caution when entering a trade.
Near key price levels, I usually look at three things:
① Holding: An intraday dip below doesn’t count; it’s a confirmed breakdown only if the closing price is below 0.18.
② Rebound: Can it climb back above 0.18 on a rebound? If it can’t, support has turned into resistance.
③ Volume: Did volume increase during the breakdown? A drop on low volume is more likely to be a false breakdown.
#ON
Markets involve risk. Exercise caution when entering a trade.
