$BTW fell below the 1.5 level; current price: 1.4886.
Around key price levels, I usually look at three things:
① Holding above: An intraday dip below doesn’t count; it’s a confirmed break only if the close is below 1.5.
② Retest: Can the price rebound to around 1.5 and reclaim it? If it can’t, the shift is complete.
③ Volume: Did volume pick up during the break? A break on low volume is more likely to be false.
#BTW
Around key price levels, I usually look at three things:
① Holding above: An intraday dip below doesn’t count; it’s a confirmed break only if the close is below 1.5.
② Retest: Can the price rebound to around 1.5 and reclaim it? If it can’t, the shift is complete.
③ Volume: Did volume pick up during the break? A break on low volume is more likely to be false.
#BTW