$DOT breaks through the 1 level, current price 1.008.
Around key price levels, I usually look at three things:
① Holding above: touching it intraday doesn’t count; only if the whole K-line closes above 1 does it count as a real breakout;
② Retest: when it pulls back to around 1, can it hold? If it holds, it counts as a shift;
③ Volume: did volume increase when breaking through? Breakouts on shrinking volume are more likely to be fake.
#DOT
Around key price levels, I usually look at three things:
① Holding above: touching it intraday doesn’t count; only if the whole K-line closes above 1 does it count as a real breakout;
② Retest: when it pulls back to around 1, can it hold? If it holds, it counts as a shift;
③ Volume: did volume increase when breaking through? Breakouts on shrinking volume are more likely to be fake.
#DOT