$XAUT Breaks below the 30-day low: current price 3894.38, previous low 3911.69.
After the breakdown, watch two things:
· Will the previous low of 3911.69 turn from support into resistance (price fails to get back above it on a rebound)?
· Did volume pick up during the breakdown? A low-volume break may be a false breakdown.
What signal are you waiting for before taking action?
#XAUT
Crypto markets are volatile, so keep your position size in check.
After the breakdown, watch two things:
· Will the previous low of 3911.69 turn from support into resistance (price fails to get back above it on a rebound)?
· Did volume pick up during the breakdown? A low-volume break may be a false breakdown.
What signal are you waiting for before taking action?
#XAUT
Crypto markets are volatile, so keep your position size in check.