$IDOL broke below the 0.023 level, with the current price at 0.02247.
Around key price levels, I usually look at three things:
① Holding the level: An intraday spike below doesn't count; it's a true breakdown only if the entire candlestick is below 0.023.
② Rebound: Can it reclaim the 0.023 area on a rebound? If it can't get back above, support has turned into resistance.
③ Volume: Did trading volume increase during the breakdown? A move without volume is more likely to be a false breakdown.
Around key price levels, I usually look at three things:
① Holding the level: An intraday spike below doesn't count; it's a true breakdown only if the entire candlestick is below 0.023.
② Rebound: Can it reclaim the 0.023 area on a rebound? If it can't get back above, support has turned into resistance.
③ Volume: Did trading volume increase during the breakdown? A move without volume is more likely to be a false breakdown.