$TREE Broke below the 24-hour low: current price 0.0357, previous low 0.03584.
After the breakdown, watch two things:
· Will the previous low of 0.03584 turn from support into resistance (price fails to break back above it on a rebound)?
· Did trading volume increase during the drop? A low-volume breakdown could just be a bear trap.
Where do you think the key line in the sand is?
#TREE
After the breakdown, watch two things:
· Will the previous low of 0.03584 turn from support into resistance (price fails to break back above it on a rebound)?
· Did trading volume increase during the drop? A low-volume breakdown could just be a bear trap.
Where do you think the key line in the sand is?
#TREE
