$PONS has breached its 24-hour low: current price 0.2287, previous low 0.2297.
After the breakdown, watch two things:
· Whether the previous low of 0.2297 turns from support into resistance (the rebound fails to break above it)
· Whether trading volume increases on the breakdown; a low-volume breakdown could just be a bear trap
Are you leaning bullish or bearish from here?
After the breakdown, watch two things:
· Whether the previous low of 0.2297 turns from support into resistance (the rebound fails to break above it)
· Whether trading volume increases on the breakdown; a low-volume breakdown could just be a bear trap
Are you leaning bullish or bearish from here?
