$XAN Broke below the 24-hour low: current price 0.009381, previous low 0.009433.
After the breakdown, watch two things:
· Whether the previous low of 0.009433 turns from support into resistance (price fails to reclaim it on a rebound)
· Whether volume increases during the breakdown; a low-volume breakdown may just be a bear trap
If it were you, would you make a move or wait and see?
#XAN
After the breakdown, watch two things:
· Whether the previous low of 0.009433 turns from support into resistance (price fails to reclaim it on a rebound)
· Whether volume increases during the breakdown; a low-volume breakdown may just be a bear trap
If it were you, would you make a move or wait and see?
#XAN
