$TRUMP broke through the 1.6 level, with the current price at 1.608.
Near key price levels, I usually look at three things:
① Holding above: An intraday move above it doesn’t count; it’s a genuine breakout only if the price closes above 1.6.
② Pullback: Can it hold near 1.6 on a pullback? If so, that confirms the shift.
③ Volume: Did trading volume increase during the breakout? Breakouts on low volume are more likely to reverse.
#TRUMP
Near key price levels, I usually look at three things:
① Holding above: An intraday move above it doesn’t count; it’s a genuine breakout only if the price closes above 1.6.
② Pullback: Can it hold near 1.6 on a pullback? If so, that confirms the shift.
③ Volume: Did trading volume increase during the breakout? Breakouts on low volume are more likely to reverse.
#TRUMP