$AIN broke through the 0.17 level, and is currently at 0.1716.
Near key price levels, I usually look at three things:
① Holding above: An intraday move above the level doesn’t count; it’s a valid breakout only if the full candlestick closes above 0.17;
② Retest: Can it hold near 0.17 on a pullback? If it does, resistance has turned into support;
③ Volume: Did trading volume pick up during the breakout? Breakouts on declining volume are more likely to be false.
Near key price levels, I usually look at three things:
① Holding above: An intraday move above the level doesn’t count; it’s a valid breakout only if the full candlestick closes above 0.17;
② Retest: Can it hold near 0.17 on a pullback? If it does, resistance has turned into support;
③ Volume: Did trading volume pick up during the breakout? Breakouts on declining volume are more likely to be false.